Six million job openings in this country aren't being filled, and it's not likely that the tax bill will solve that problem.
HRDive reports that with the U.S. unemployment rate at a record 17-year low of 4.1 percent, according to November numbers cited by The Washington Post, for five months there have been 6 million job openings. Empty. Going begging.
And the Bureau of Labor Statistics says that number has held steady. What's driving such high vacancies? According to the report, the percentage of Americans who are employed or actively job hunting, which fell from 2007's 66 percent—at the start of the Great Recession—and now stands at 62.7 percent. And it's hitting all sectors, the Post adds, across states, industries and levels of specialization, from winter resorts and transportation to construction and oil.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.