[17134] in Framemaker_Discussion
Small Businesses are Struggling to Find Workers Due to Low Unemployment Rate
daemon@ATHENA.MIT.EDU (WebProNews)
Thu Jun 14 22:00:59 2018
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Date: Thu, 14 Jun 2018 21:27:53 -0400
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Small Businesses are Struggling to Find Workers Due to Low Unemployment
Rate
A recent LinkedIn employment report has revealed that the US job market is
hale and hearty. The country's unemployment rate is down across the board
while hiring is 4.5% higher when compared to this same time last year.
While the news certainly is encouraging, the report also underlines the
challenges that small businesses are facing with regards to hiring and
keeping the right people.
Numbers Point to Good News
Aside from the news that hiring rates are high and unemployment rates are
down, the LinkedIn Workforce Report for June also revealed some interesting
specifics. For instance, there's a 12.4% increase in hiring in cities that
rely heavily on the oil industry. Tech firms, financial and insurance
services, architecture and engineering firms, and automotive and
transportation companies are also hiring more people.
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is a growing demand for professionals with expertise in information
management, design, and technology. Northwestern's online MASTER OF SCIENCE
IN INFORMATION DESIGN AND STRATEGY opens the door to a rewarding career in
this fast-growing field.
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However, there are also several cities where the demand for skilled workers
is simply not being met. These cities include Austin, Washington DC, the
San Francisco Bay Area, New York, Los Angeles, and Seattle. Conversely,
Hartford, Miami-Ft. Lauderdale and West Palm Beach have thriving
communities of skilled workers, making it easy for small and big businesses
to fill their employment requirements.
The LinkedIn study isn't the only one touting these numbers. Reuters has
also reported that job growth in the US went up in May while the
unemployment rate dropped to 3.8 percent, an 18-year low for the country.
Total payrolls rose to 223,000 and the average hourly earnings have
increased by 0.3 percent month-to-month.
The report does paint a rosy outlook for American households. Tom Porcelli,
Chief US Economist of RBC Capital Markets admits the news about
unemployment rates “literally checks off all the right boxes.” He also
said that they have been looking for any negatives about the findings but
admits that so far, they haven't found anything.
What it Means for Small Businesses
The LinkedIn report doesn't mean everything's smooth sailing though. One
key takeaway from it is the fact that with more businesses hiring, the
labor market has become a tight one. This means companies are fighting for
a workforce that's steadily growing smaller. READ MORE.
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<p class="h1"><a
href="https://www.webpronews.com/win-the-amazon-buy-box-and-watch-your-sales-soar-in-2018/"
style="color: #333333; text-decoration: none;">Small Businesses are
Struggling to Find Workers Due to Low Unemployment Rate</a></p>
<p>A recent LinkedIn employment report has revealed that the US job market
is hale and hearty. The country's unemployment rate is down across the
board while hiring is 4.5% higher when compared to this same time last
year. While the news certainly is encouraging, the report also underlines
the challenges that small businesses are facing with regards to hiring and
keeping the right people. <br /> <br /> <strong>Numbers Point to Good
News</strong> <br /> <br /> Aside from the news that hiring rates are high
and unemployment rates are down, the LinkedIn Workforce Report for June
also <a
href="https://www.linkedin.com/jobs/blog/linkedin-workforce-report-june-2018-san-francisco-ca?src=or-search&veh=www.google.com"
target="_blank">revealed some interesting specifics</a>. For instance,
there's a 12.4% increase in hiring in cities that rely heavily on the oil
industry. Tech firms, financial and insurance services, architecture and
engineering firms, and automotive and transportation companies are also
hiring more people.</p>
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<p>However, there are also several cities where the demand for skilled
workers is simply not being met. These cities include Austin, Washington
DC, the San Francisco Bay Area, New York, Los Angeles, and Seattle.
Conversely, Hartford, Miami-Ft. Lauderdale and West Palm Beach have
thriving communities of skilled workers, making it easy for small and big
businesses to fill their employment requirements. <br /> <br /> The
LinkedIn study isn't the only one touting these numbers. <a
href="https://www.reuters.com/article/us-usa-economy-instant/u-s-may-payrolls-gains-higher-than-expected-idUSKCN1IX4PZ"
target="_blank">Reuters</a> has also reported that job growth in the US
went up in May while the unemployment rate dropped to 3.8 percent, an
18-year low for the country. Total payrolls rose to 223,000 and the average
hourly earnings have increased by 0.3 percent month-to-month.<br /> <br />
The report does paint a rosy outlook for American households. Tom Porcelli,
Chief US Economist of RBC Capital Markets admits the news about <a
href="https://www.pymnts.com/personnel/2018/us-unemployment-rate-low/"
target="_blank">unemployment rates</a> “literally checks off all the
right boxes.” He also said that they have been looking for any
negatives about the findings but admits that so far, they haven't found
anything.<br /> <br /> <strong>What it Means for Small Businesses
</strong><br /> <br /> The LinkedIn report doesn't mean everything's smooth
sailing though. One key takeaway from it is the fact that with more
businesses hiring, the labor market has become a tight one. This means
companies are fighting for a workforce that's steadily growing smaller.<a
href="https://www.webpronews.com/us-podcasting-revenue-hit-record-high-in-2017-up-86-from-previous-year/"
target="_blank" rel="noopener">READ MORE</a>.</p>
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