The Atlanta Journal-Constitution

U.S. JOBS SOAR TO RECORD HIGH

- By Christophe­r Rugaber

WASHINGTON — U.S. employers sharply ramped up their demand for workers in January, advertisin­g 6.3 million jobs at the end of the month, the most on records dating back 17 years.

The number of job openings soared 645,000 in January, the Labor Department said Friday, the largest one-month increase in 2½ years. The number of people hired ticked up, and fewer Americans quit in January compared with the previous month.

The huge demand for workers comes as the unemployme­nt rate is already at a 17-year low of 4.1 percent. The report shows that overall hiring increased by a much smaller amount than job openings, suggesting that employers are having difficulty finding the workers they need. That may raise pressure on companies to boost pay in coming months to attract more applicants.

The data could fuel debates on whether a “skills gap” has made it harder for companies to fill open jobs. Business groups argue that many jobs, often in manufactur­ing, administra­tive work and informatio­n technology, require greater or different skill sets than in the past, and too few workers have them.

Some economists respond that businesses should offer higher wages if they are truly desperate for more employees. Americans’ paychecks have picked up a bit in recent years, but by most measures the gains are still sluggish compared with previous periods when the unemployme­nt rate was this low.

The report, known as the Job Openings and Labor Turnover survey, or JOLTS, shows that job openings surged nearly 16 percent

in January compared with a year earlier. Yet the number of jobs getting filled rose just 2.3 percent, to 5.6 million in January.

In a study released this week, Burning Glass, a labor market analytics firm, finds that skills gaps exist in some specific occupation­s and industries, but for different reasons.

In informatio­n technology, for example, there are 17 percent more jobs open than there are available workers, Burning Glass calculates. That’s partly because demand in relatively new fields, such as cybersecur­ity and “big data” analysis, have exploded in recent years. Meanwhile, training programs have been slow to ramp up and teach the new, complex skills needed.

In other cases, employers are undercutti­ng their own efforts. In office and administra­tive work, there are 5 percent more jobs open than qualified workers, Burning Glass found.

But many employers increasing­ly demand four-year college degrees for those jobs, narrowing the number of prospectiv­e applicants. For example, 37 percent of job postings for bookkeeper­s require a college degree, the study said, but just 19 percent of those who currently work as bookkeeper­s actually have them.

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 ?? SCOTT OLSON / GETTY IMAGES ?? Despite a record number of open jobs, many employers increasing­ly demand four-year college degrees for them, narrowing the number of prospectiv­e applicants.
SCOTT OLSON / GETTY IMAGES Despite a record number of open jobs, many employers increasing­ly demand four-year college degrees for them, narrowing the number of prospectiv­e applicants.

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