No skills? No degree? You’re hired. The hiring logjam showed some signs of easing in July.

But companies in the trenches trying to match labor demand and supply still see a market that continues to be imbalanced — and tilted heavily towards those looking for work.

“No matter what source you use right now, fundamentally there [are] 40% more jobs open today than there [were] before the pandemic began,” ZipRecruiter CEO Ian Siegel told Yahoo Finance Live on Monday. “And that was already a white hot job market.”

As of the end of June, a record 10.1 million jobs were available in the U.S. But as ZipRecruiter (ZIP) said in its second quarter letter to shareholders, the labor market today is one of “disequilibrium.”

“What you’re looking at right now is an unprecedented reality for job seekers,” Siegel added. “If you want work, there is an abundance of it. If you want to make more money, [there is] an abundance of opportunity to find a job that pays you more. This is a job seekers’ market like we have never seen.”


What does this mean?

After the pandemic, people will not be returning to jobs with low pay, poor benefits, demeaning and unsafe working conditions. Everyone is asking questions about what gives their life meaning and purpose, and what benefits their families. This is the American dream unfolding.

I am so thankful that throughout my adult life I’ve been able to work for an employer and in a profession that meets both my material and emotional needs, working with great people for deeply meaningful goals. I’m hopeful that many others can also experience this blessing.

SOURCE: Yahoo Finance Morning Brief for Tuesday, August 17, 2021.Image by Gerd Altmann from Pixabay

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