The job market is a perfect 100
Bottom Line: It's hard to imagine a jobs market that get much better than this... Already these are knowns:
Lowest base unemployment rate in 18 years
Lowest real unemployment rate in 17 years
Record low black and Hispanic unemployment rates
2.7% wage growth with a 5.4% increase in net take home pay
Average starting salary for college grads to exceed $50,000 (record high)
More job openings than unemployed Americans (first time ever)
And now this... According to Manpower's latest survey – All 100 US metros anticipate double-digit hiring growth in the third quarter (which starts in just two and a half weeks). In other words, as good as the jobs market is now – it's set to get even better just in time for the class of 2018. Here are highlights from the study:
18% of all companies will be hiring
Leisure/hospitality, professional/business services, transportation/utilities, wholesale and retail trade, mining, construction, manufacturing – are the top industries for hiring in that order
For nearly two decades we've longed for a US economy that resembled what we experienced in the 80's and 90's. It's here.