On the Wire | News & Analysis from the Web for the Week of October 15

Job openings pass 7 million for the first time.  The Hill 10/16
“U.S. employers had over seven million unfilled jobs on the last business day in August for the first time on record, according to numbers the Labor Department released Tuesday. . . .”


There Are Still 488,000 Unfilled Manufacturing Jobs in the U.S. Manufacturers Are Working to Fix It.  Shopfloor 10/16
“Manufacturers are creating a historic number of new jobs, but as new numbers out just this morning from the Labor Department show, our industry faces a workforce crisis that could leave millions of lucrative jobs unfilled in the years to come. Indeed, today’s new Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) reveal that there are, at last count, about 488,000 open manufacturing jobs in the United States. While this number is down a bit from the previous month, overall the number of unfilled manufacturing jobs is projected to continue to grow in the coming years, which could have a dampening effect on both manufacturing in the United States and broader economic growth in our country. . . .”


US to open trade talks with Japan, EU, UK.  The Hill 10/16
“The Trump administration on Tuesday kicked off a fast-track process for three separate trade deals with Japan, the European Union and the United Kingdom. . . .”


McConnell Rules Out Vote on New Nafta Trade Deal Before 2019.  Bloomberg 10/16
“President Donald Trump’s renegotiated trade deal with Mexico and Canada won’t get a vote in Congress this year, Senate Majority Leader Mitch McConnell said, setting up a potential contentious fight with Democrats next year over a signature White House accomplishment. . . .”


U.S. regains crown as most competitive economy for first time since 2008: WEF.  Reuters 10/16
“The U.S. economy sits atop of the World Economic Forum’s annual global competitiveness survey for the first time since the 2007-2009 financial crisis, benefiting from a new ranking methodology this year, the Swiss body said on Tuesday. . . .”