November 29, 2021· 48 min
Why Job Openings Are Surging, Even With So Many People Out of Work
Orality
Model
86%
Highly oral (epic poetry, sermons, hip-hop)
Speaker Breakdown
HostJoe Weisenthal(2,122 words)
M:29%
HostTracy Alloway(1,646 words)
M:28%
GuestThomas Lubik(3,680 words)
M:21%
Oral Indicators
Agonistic32%
very, basically, absolutely
Engagement62%
you, our, your
Memory Aids100%
listen, like, so
Repetition100%
think (63x), rate (59x), know (54x)
Parallelism100%
And I'm Joe Weisenthal...., So Joe, I know we've been spen..., And I know that sounds like a ...
Sound Patterns45%
36 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases12%
you know what, i mean, when all is said and done
Literate Indicators
Hedging11%
may, appears, maybe
Passive Voice12%
be expected, are open, being filled
Abstract Nouns19%
investment, community, business
Subordination10%
until, because, since
Sentence Length50%
Avg: 17.6 words/sentence
Word Complexity49%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style38%
494 personal pronouns found
Descriptive Style95%
apply, fully, really
Description
Normally, economists expect a somewhat stable relationship between job openings and the unemployment rate. More job openings = more people are employed. Lately, however, the shape of this relationship has changed. Job openings are absolutely soaring. And yet total employment in the economy is well below pre-pandemic levels. On this episode, we speak with Thomas Lubik, a senior advisor in the Research Department at the Richmond Fed, who has been researching and writing about this unusual state of the labor market. See omnystudio.com/listener for privacy information.