Just So You Know

Anyone need a job?

Utah unemployment figures are down to 2.6 percent. From the economics class I took last spring that means anyone who really wants to be working can be, the text said that the economic ideal is 4% unemployment. It means that employers are going to have to raise wages in order to recruit people away from their current jobs. It means employers may have to curtail growth or start hiring from out of state and encouraging people to move here. Unfortunately, it also means that we may start seeing inflation because when recruiting wages go up, businesses raise prices to cover those new wages. Recruiting wage increases don’t necessarily lead to increases in wages for those already employed. Hmm, maybe it’s time to start looking a little less casually, but then again, this could just be the result of the Christmas retail hiring spike.

posted by Shondratasha @ 10:06