CMBA

Lacking Labor - Words by Elliot Eisenberg, The Bowtie Economist

12 Sep 2018 12:26 PM | Miller (Administrator)

Lacking Labor


Y-o-Y job openings are up 11.9%, hires are up just 3.3%, and the number hired has declined three months in a row. Moreover, job openings exceed the number of unemployed by 659,000; they surpassed zero for the first time in March. Additionally, quit rates hit 2.4%, their highest rate since 4/01, and a record 25% of small businesses say finding qualified workers is problem #1. Labor's in very short supply. 


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