After a few years of higher unemployment rates, it seems like the tables have turned, and the market is getting back to a better state. According to economists, the U.S. economy is at full employment for the first time in about a decade. This is beneficial for those who are trying to find a job or are considering quitting and switching jobs.

The negative side to this is that businesses are having trouble finding the right people for the job. Statistics show that there is an underemployment rate of 8.6%, which means with labor in high demand, businesses are having to take people who might not have met the standards of the job a few years ago. This statistic does include people who are part timers and those who are constantly in and out of employment, so the real number should be slightly lower. Therefore, this is not a huge problem at the moment, but according to economists, it’s headed toward that direction. Michael Meyer, senior, said, “I recently got a new job and it was pretty easy to get it. It seemed like most businesses were looking to hire.”
Even with this struggle to find workers, the market overall is doing very well in comparison to past years, and it doesn’t seem it will slow down anytime soon. Wages and salaries have been increasing, and the month of April saw a jump in spending on goods and services. Josh Docherty, senior, said, “Getting more money for working sounds good to me. It means I don’t have to worry as much about saving money when I’m out with friends.” Inflation hasn’t been too bad yet, but it will eventually catch up with the increased wages and spending that is currently going on.