The United States economy may be entering a new stage of near employment, where more jobs are opening and positions need filling than there are available workers to take on new roles and responsibilities.
According to a new report from CNBC, the US may face a labor shortage crisis in the coming months as more and more full-time positions become available, saying its becoming increasing difficult to find “qualified workers at the current pace of job growth.”
“Business’ number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse,” said Mark Zandi, chief economist at Moody’s Analytics. “These labor shortages will only intensify across all industries and company sizes.”
Private sector payrolls increased by 177,000 in June, yet could have gone even higher had more workers been available.
Read the full report at CNBC.