Jobs For All!

Q3 | November 2018

stack of old newspapers, pile of old newspapers

Topic: Pearls of Wisdom

Devin Crago, CFA

November 7, 2018

Image used with permission: iStock/hanohiki


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Jobs For All!

Q3 | November 2018

Reading is one of the principal occupations in our profession. As we digest a wide range of material, interesting ideas and surprising facts – some serious and some light-hearted – rise to the surface. We attempt to share a few of those with you in each of our issues of Nexus Notes.

obs for all!

As a representation of the tightness of the U.S. labour market, there are more jobs available than people looking for work. Currently there are 7.1 million job openings in the U.S. compared to only 6.2 million unemployed persons. This is the first time since 2001 that this circumstance has arisen. Given the shortage of labour, it is perhaps unsurprising that employers might look to atypical pools of talent to find the employees they so desperately need. We read with interest comments from the head of the local Economic Development Corp. in Elkhart County, Indiana. He states, “Employers are asking, ‘Do we know when the next batch of ex-offenders will be released? Can we get their résumés? Can we do a job fair down at the local correctional facility?’” It may just be that everyone deserves a second chance, particularly if redemption can be found on a factory floor. (The Globe And Mail, “The U.S. Economy is on a tear. How long can it last?”, July 27, 2018)

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