Hiring is becoming less discriminating

In the first half of 2018, the share of job postings requesting a college degree fell to 30% from 32% in 2017, according to an analysis by labor-market research firm Burning Glass Technologies of 15 million ads on websites such as Indeed and Craigslist. Minimum qualifications have been drifting lower since 2012, when companies sought college graduates for 34% of those positions.

Long work-history requirements have also relaxed: Only 23% of entry-level jobs now ask applicants for three or more years of experience, compared with 29% back in 2012, putting an additional 1.2 million jobs in closer reach of more applicants, Burning Glass data show. Through the end of last year, a further one million new jobs were opened up to candidates with “no experience necessary,” making occupations such as e-commerce analyst, purchasing assistant and preschool teacher available to novices and those without a degree.

That is from Kelsey Gee at the WSJ.  One neglected benefit of an economic recovery is simply that it lowers signaling costs.