Too Many Jobs, Not Enough Workers
The unemployment rate of 3.6% is near the lowest in 50 years while the number of job openings is near an all-time high. There are more job openings (6.8M) than unemployed persons (5.8M). This tight labor market is a top concern of CEOs and business owners. According to the Conference Board, “The global challenge in acquiring and retaining talent requires companies to be more strategic – knowing not only what qualities and skills to recruit for, but also how to recruit more efficiently and effectively.”