The number of vacant jobs is falling. The cycle high in Jan 2007 (4,307,000) was lower than the historic high (4,580,000) in Dec 2000.
Consultants have been telling govt officials and private industry that the next few years will see an explosion of impossible to fill jobs. However, as the data shows the number is less now than it was 7.5 years ago.
The great coming worker shortage is slow in getting here.
Why then do we see all this "buzz" about the shortage? Perhaps there is money in it.
One state recently passed a bill giving a tax credit to firms hiring occupations where workers are seen to be in short supply. Think about that. The firms say that want to hire more workers and can't find them so the govt gives the firms a tax credit to do what they say that want to do anyway. Perhaps the firms have figured out that they can vote themselves a portion of state revenue by yelling about coming shortage.