The Skilled Tradesmen Shortage: 2019 Edition

According to the latest data published by the U.S. Bureau of Labor Statistics, America added another 304,000 net new jobs in January 2019, which represents the 100th consecutive month of positive employment growth – an unrivalled winning streak in the nation’s history. January’s job numbers blew through consensus estimates, which suggest that the nation added a comparably humdrum 170,000 net new jobs in the context of a partial federal government shutdown.

Between December 2017 and December 2018, the nation added nearly 2.7 million net new jobs. Job growth has been so prolific over time that the number of available, unfilled job openings has come to exceed the number of jobseekers. As of November 2018, there were nearly 6.9 million available positions in America. That compares to about 6.5 million unemployed people, indicating that at least theoretically, there is a job in America for everyone who wants one.

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About the Author

Anirban Basu

Anirban Basu is Chairman & CEO of Sage Policy Group, Inc., an economic and policy consulting firm in Baltimore, MD. He is one of the Mid-Atlantic region’s most recognizable economists in part because of his consulting work on behalf of such clients as prominent developers, bankers, brokerage houses, energy suppliers, and law firms.

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