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Help Wanted sign In the U.S., it’s probable that the unemployment rate will hit its lowest level since the 1960s, spurring acute labor shortages in a number of industries and locations. (Photo: Shutterstock)

The tight job market is pushing companies to work a little harder to find and retain talented employees, even driving them to relax some of their requirements.

According to The Conference Board’s Global Labor Market Outlook report, it’s not just the U.S. having a tough time filling jobs; globally more-intense economic activity has brought strong hiring and “slow-to-negative growth in the labor supply. But in the U.S., there have been other problems: low labor force participation caused in part by the opioid epidemic and in part by an increasing number of people who aren’t in the labor force because of disability.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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