The labor market continues to tighten as average unemployment rates plummet (from 5.9% in June to 5.2% in August), and labor force participation remains at a record low of 61.7%. Employers are competing for hard-to-find talent in an arena where the number of inactive workers who are open to accepting a full-time job has fallen dramatically — from 6.5 million in July to 5.7 million in August.
Fears among workers and consumers concerning the Delta variant are rising, triggering job opening losses in industries that rely on in-person services, such as hospitality, retail and even healthcare. In most industries, however, a new all-time high number of openings (i.e., 10.9 million) is met by a lack of available workers, limiting the potential for business expansion and economic growth for many organizations.
Labor Market Analysis
Labor market analyses offer insight into current market demand across a spectrum of industries, labor categories and geographies. Our monthly market intelligence reports equip organizations and individuals with actionable data and insights into complex market trends that support informed decisions to drive business forward.
Read More www.astoncarter.com/en/insights/labor-reports/november-2021-labor-market-analysis
Labor Market Analysis
Labor market analyses offer insight into current market demand across a spectrum of industries, labor categories and geographies. Our monthly market intelligence reports equip organizations and individuals with actionable data and insights into complex market trends that support informed decisions to drive business forward.
Read More www.astoncarter.com/en/insights/labor-reports/october-2021-labor-market-analysis
Labor Market Analysis
Labor market analyses offer insight into current market demand across a spectrum of industries, labor categories and geographies. Our monthly market intelligence reports equip organizations and individuals with actionable data and insights into complex market trends that support informed decisions to drive business forward.
Read More www.astoncarter.com/en/insights/labor-reports/september-2021-labor-market-analysis
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