Pepperdine Graziadio Economist David Smith Quoted in LA Times
Pepperdine Graziadio labor economist David M. Smith, PhD, was quoted in the Los Angeles Times regarding the just-released California employment numbers for December. In the story, Dr. David Smith said the December job numbers "cause for cheer. Jobs are available for those who are in need of employment." But, he added, "Increasingly employers, especially small and medium-sized businesses, are struggling to find workers. Employers are grumbling about not having enough help and new hires simply not showing up or reporting other employment.
This 'ghosting' is only making matters worse for firms that maintain lean operations and have orders to fill." On the bright side, a tight labor market is driving a rise in wages after years of stagnation. U.S. pay rose 3.2% in December over a year earlier. Smith said California's December information is not yet available, "but we can say confidently it will closely mirror the national numbers."