The occasional help-wanted sign at a local fast-food joint or clothing store is nothing new, but with the current state of the labor market, they seem to be a permanent fixture. Companies across the country are bemoaning their inability to hire and retain workers. What’s worse for those businesses is that customers are experiencing diminished service and long wait times as an add-on impact of the...
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In April of 2021, the number of workers who quit their job in a single month broke an all-time U.S. record. Then, it broke again in July and August, leading economists to label it the “Great Resignation.” As a result, job openings are now at an all-time high, and many are going unfilled for months. Meanwhile, the global supply chain is experiencing an abnormal number of...
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U.S employment statistics hit a new milestone last year, but not a positive one. In August 2021, almost 4.3 million workers quit their jobs, according to the U.S. Department of Labor. That's the highest number since the department began tracking voluntary resignations. While the reasons for quitting vary, one thing is clear: Businesses are having a tough time getting employees to come back. 80% of companies...
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