Help wanted: What the numbers say
The latest data shows why the labor market is starting to shift in job-seekers' favor.
By Owen Thomas, Business 2.0 Magazine online editor

SAN FRANCISCO (Business 2.0 Magazine) - Recent newspaper headlines don't do much to convey the fact the job market is coming to a boil. But if you look at another set of indicators, you'll get a different picture.

Unlike previous job booms, this one isn't being driven primarily by the creation of new jobs. Instead, it is the ever-growing number of people quitting their jobs – to retire, or increasingly, to seek out new opportunities – that has created openings which managers need to fill.

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At the same time productivity growth has stalled, making it harder for bosses to squeeze more work out of existing employees -- and hiring an all the more urgent matter.

The result? Unemployment among college graduates has sunk to a level that the economy hasn't seen in years, and the labor market is on fire.

To see how the latest employment stats are working in your favor, click hereTop of page

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