Worker Shortage: More Than Two Job Openings Per Job Seeker | Beaufort County Now | Businesses are on the mend from government-induced Covid shutdowns.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the John Locke Foundation. The author of this post is Paige Terryberry.

    Businesses are on the mend from government-induced Covid shutdowns.

    But even while most industries are adding jobs, we have a labor shortage.

    According to the March Job Openings and Labor Turnover Survey (JOLTS) release from the Bureau of Labor Statistics (BLS), the number of job openings for the country reached the highest level since the series began in December of 2000. Wednesday's release, with April data, showed a slight downward revision in job openings.

    Hiring still outpaces quits in every major sector, driving down unemployment, yet many jobs are still open. There are nearly two job openings for every job seeker nationally.

    The South, as categorized by BLS and including North Carolina, has been hit hardest, along with the Midwest. Since December, the average rate of job openings in the South and Midwest was 7.3%, compared with 6.7% in the Northeast and 7.0% in the West. The job opening rate measures the percent of job openings as a share of employment plus job openings in an industry or region.

    The job opening rate for North Carolina was most recently reported as 7.9%, or 406,000 job openings, ranking below even the Southern average.

    North Carolina has a tight labor market with high demand for workers, with 2.3 job openings for every job seeker.1

    Nationally, the sectors most affected are accommodation and food services followed by leisure and hospitality. These sectors were hit hard by Covid lockdowns - and are now struggling on the back end of the pandemic to hire workers.

    A McDonalds franchise in Florida offered candidates $50 just to show up to interview. Jimmy Johns began offering sign-on bonuses and Chipotle even promised to expand its free college tuition program, according to The Wall Street Journal.

    This has certainly not always been the case for the industry. According to the National Restaurant Association, the two decades before the pandemic saw "the number of hires exceeded unfilled job openings by an average of 230,000 each month." Referencing the JOLTS data, the Association claims, "the industry's current labor shortage is far and away the most severe on record."

    There are a host of reasons that experts and media outlets are attributing to the shortage: poor working conditions, demographic pressures including early retirement, immigration levels, childcare shortages, job misalignment, mandated Covid vaccines, reduced work incentives from government stimulus, and even a change in workers tastes and preferences.

    As the economy mends and adjusts from the Covid pandemic, industries will experience different growing pains.

    Overall the economy is clearly on the mend, but this recovery may be short-lived. As inflation roars and a recession looms, workers may not continue to be in high demand for long.
Go Back

HbAD0

Latest Op-Ed & Politics

According to sources, Biden was seen outside a gas station this afternoon yelling at the big price sign to lower its prices.
The Heritage Foundation has filed a lawsuit against President Joe Biden's administration demanding the release of documents related to the investigation of mounted Border Patrol agents.
The trouble is, eventually you run out of other people's money to spend=Margaret Thatcher
conservatives take out one of two RINO congressmen in Mississippi
On June 14, pro-abortion terrorist group “Jane’s Revenge” claimed credit for numerous attacks on pro-life centers around the country, including the June 7 attack on Mountain Area Pregnancy Services (MAPS) in Asheville.

HbAD1

Ruby Rose, who played Kate Kane in the CW’s “Batwoman” TV Show, claimed last week that she left the show in 2020 because of terrible working conditions.
58 percent of postsecondary educational institutions now employ a post-tenure review process. This is up from 46 percent in 2000.
Two former Tesla employees filed suit against the automaker on Sunday for allegedly violating federal law through its decision to lay off much of its staff.
President Zelensky has reportedly contacted the White House to arrange the return of Ben Stiller who was sent to Ukraine by mistake. According to sources, he had requested Will Ferrell via mail-order from America's stock of pandering celebrities.
On Monday, “Wheel of Fortune” host Pat Sajak took note of the supply chain issues plaguing Americans with another succinct tweet delineating how he had solved the supply chain issues on his show.
Among those who pledge to protect and defend the Constitution of the United States, how many are needed to stabilize and keep our Democracy? Is it 60? Is it five good people willing to come forward and tell truth to power for a cause greater than their own ambitions?
World Athletics, formerly the International Amateur Athletic Federation (IAAF), is the world governing body for track & field, cross country events
Within hours of Congress passing a new "red flag" law, local resident Winnie the Pooh has had all his firearms confiscated by authorities.
The National School Boards Association has issued an apology for a letter it sent to the Biden administration late last month that asked the Department of Justice (DOJ) to crack down on “threats of violence and acts of intimidation” at local school board meetings.

HbAD2

 
Back to Top