Search
All
Economics
Politics

Don’t Miss a Post. Subscribe now.

Where Are the Job Openings and How Much Does One Make Per Hour?

•

•

8 comments on Where Are the Job Openings and How Much Does One Make Per Hour?

•

Myths vs Reality

  • Myth: Manufacturing Jobs Pay Well
  • Myth: Most of the Openings are in Low Wage Jobs
  • Reality: Manufacturing jobs average only $18.09 per hour
  • Reality: Of the 6,381 listed openings above 2,437 pay < $25 per hour on average
  • Reality: Of the 6,381 listed openings above 3,944 pay > $29 per hour on average
  • Reality: Of the 6,381 listed openings above 2,505 pay > $32 per hour on average

Data Sources

The job openings are from the BLS JOLTs Report as of April 2021. Wage data is from the BLS Employment Report as of May 2021.

Job Openings in Thousands 

Job Openings in Thousands Detail

Average Hourly Earnings by Job Classification

There are plenty of job openings, many at good hourly rates. However, the higher the average rate, the higher the skill level required. 

Education and Health Services consists of a combination of low, average, and high paying jobs. Nurses would be on the high end and social service workers on the low end while education runs the gamut based on specialty and location.

The two highest average hourly rates, information and financial activities respectively, have the fewest openings and require the highest skill levels.

Job Openings Hit a New Record High in Huge Struggle For Workers

This post adds details to my previous post, Job Openings Hit a New Record High in Huge Struggle For Workers

Huge Upward Wage Pressures for Both Skilled and Unskilled Labor

The struggle for workers puts a Huge Upward Wage Pressures for Both Skilled and Unskilled Labor.

Also consider Explaining the Shortage of Skilled Workers and Why It Will Get Worse

Right now, if someone wants a job there is likely an opening somewhere, not necessarily at the hourly rate one believes they deserve.

Subscribe!

Like these reports? I hope so, and if you do, please Subscribe to MishTalk Email Alerts.

Subscribers get an email alert of each post as they happen. Read the ones you like and you can unsubscribe at any time.

If you have subscribed and do not get email alerts, please check your spam folder.

Mish

Subscribe to MishTalk Email Alerts.

Subscribers get an email alert of each post as they happen. Read the ones you like and you can unsubscribe at any time.

This post originated on MishTalk.Com

Thanks for Tuning In!

Mish

Mike Shedlock

Recommended Articles

Comments to this post are now closed.

8 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
jiminy
jiminy
4 years ago
I believe the social security data shows the average salary covered is roughly 30k.  The wage rates provided by Mish seem fanciful.
0
0
Too much BS
Too much BS
4 years ago
If the pay is good the people will work.    As an employer I can only say, You get what you pay for.
0
0
Since2008
Since2008
4 years ago
T
0
0
Since2008
Since2008
4 years ago
I’m in the Midwest not far from where Mish used to live. One of my college age children worked last summer at UPS in a warehouse for $16.75 an hour. If he went to work four, or maybe it was five, days in a row he got a bonus of $125. He thought it was hilarious that UPS paid a bonus simply for coming to work. He did not join the union although I encouraged him to. This summer his first offer is from Amazon for $16 an hour. Both of these jobs are above the $15 an hour minimum some politicians want. You’re not going to get rich at these jobs but if you’re not working it’s not because you can’t find a job.  I do understand some people may have difficulty getting there because they do not own a car. He saw many many many people who workef one day or less and don’t come back.  It was an eye-opener for him.
0
0
Siliconguy
Siliconguy
4 years ago
The job openings my daughter is seeing are “Entry level, (with pay scale to match), requires 5 years experience.” Clearly Management is really hoping to pick up experienced help on the cheap. The help isn’t biting. 
They either need to drop the 5 years experience nonsense, or pay for the experienced help. $36,000 a year for a BS degree with 5 years experience is a wee bit low. 
0
0
njbr
njbr
4 years ago
Biggest area of need?  Leisure and hospitality, professional and business services, education and healthcare.
Does anyone grow up with an ambition to be a waiter or ticket taker?  How about secretary, clerk, phone sales, data entry?  How about a para in a school, a nursing assistant, or even a teacher in a profession that isn’t respected by or valued by many?
Sucky jobs in a a market where it isn’t clear that face-to-face might be dangerous again in a few months?
“Skilled worker” doesn’t mean special skills necessarily–just an eargerness to learn, get better at what you’re doing, and not cause problems.
The biggest “skill” these days is passing a drug test and showing up the first day and then every work day.
0
0
Webej
Webej
4 years ago
  • The data are too aggregate.
  • Some jobs may be in areas where people cannot afford to get housing, preventing a move.
  • Some job may require prohibitive adjustments to medical insurance.
  • How many of these jobs are for furloughed people who refuse to go back?
The kind of detail needed for such material:
  • Do employers get any applicants? Why do they reject them?
  • Do the unemployed apply, but are they rejected? Why?
  • What reasons do unemployed people give for not applying to specific openings?
Nation-wide aggregate data is putty in the hands of idealogues, but following on such a trend break as the Covid lock-downs, a lot more information from individuals is required to get perspectives on what the notable frictions are. I am unconvinced that the problem will evaporate when the benefits are terminated.
0
0
Zardoz
Zardoz
4 years ago
I wonder how many people are motivated to acquire skills, and how many of those are mentally capable of acquiring the skills required for the jobs?
The leftovers are bound to be in the millions.  What do we do with them?  I don’t think they’ll just starve to death peacefully.
0
0

Decorate Your Walls with Mish Fine Art Images

Click each image to view details or purchase in the store.

Stay Informed

Subscribe to MishTalk

You will receive all messages from this feed and they will be delivered by email.