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

To send a letter to the editor about this story, click here.

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Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.