Fresh data shows U.S. jobs market tightening
Source: Reuters
The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth.
The Labor Department's monthly Job Openings and Labor Turnover Survey released on Tuesday gave an upbeat assessment of the job market that could sharpen the debate on the timing of the first interest rate increase from the Federal Reserve.
The number of unemployed job seekers per open job fell to 2.02 in June, the lowest level since April 2008. The ratio was at 2.14 in May and is now below the average from 2002 to 2006.
"It reflects a jobs backdrop that continues to tighten on the supply side. There is not enough qualified supply out there to fill the job openings that exists," said Jacob Oubina, a senior U.S. Economist at RBC Capital Markets in New York.
Read more: http://www.reuters.com/article/2014/08/12/us-usa-economy-employment-idUSKBN0GC1CW20140812
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We keep getting fed the same old stale bullshit about times are tough, profits are down, no raises this year. That article somehow got posted on the break-room wall with the parts about increasing wages hi-lited (I can't imagine who'd have done that 
), the boss didn't much care for that.
The thing that struck me was "Job openings, a measure of labor demand, increased to a seasonally adjusted 4.67 million in June, the highest level since February 2001". Democrats all across the country should be campaigning on that - Republican policies put people in the unemployment line.