Trump's Economy Is So Hot That Companies Are Starting To Have A Problem

The economy under the Trump administration is so strong that companies are starting to have a problem with people not showing up to job interviews or new jobs, according to LinkedIn Editor-in-Chief Dan Roth.

"This job market is so hot right now," Roth told "CBS This Morning" on Wednesday. "Unemployment is at a 18-year low. You've got more job openings than candidates, which is the first time the Labor Department has seen this. … It's a buyers' market right now."

"In fields ranging from food service to finance, recruiters and hiring managers say a tightening job market and a sustained labor shortage have contributed to a surge in professionals abruptly cutting off contact and turning silent," LinkedIn Editor-at-Large Chip Cutter wrote.

The reason for the new behavior is thought to be largely a reflection of the number of offers many candidates have, prompting them to choose a better offer after nearing the end of the hiring process with a company or after accepting an offer.

"Where once it was companies ignoring job applicants or snubbing candidates after interviews, the world has flipped," Cutter continued. "Candidates agree to job interviews and fail to show up, never saying more. Some accept jobs, only to not appear for the first day of work, no reason given, of course. Instead of formally quitting, enduring a potentially awkward conversation with a manager, some employees leave and never return."

With a 3.8% unemployment rate, the lowest in 50 years, and a record-low unemployment rate for Hispanics and blacks, the trend does not look to slow down anytime soon.


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