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What causes are there for there to be more openings than hires in the job market?

Posted by Bill Witte on Jul 8, 2021 12:11:34 PM

Bill Witte discusses the shift that occurred in 2014 that led to more job openings than hires and what that says about where we are today.

This Q&A response from the FTR Experts came from our May Economic Outlook. View the video and the key takeaways below. 

 
Key Takeaways:
  • Firms have reopened from shutdown and realized they require more workers, but workers are not applying or they're applying but not showing up for interviews.
  • Some may be waiting for unemployment benefits to end or return to pre-pandemic levels, essentially taking a summer off. However, this is likely only one smaller cause for the disproportion seen recently.

 

Tags: Economy, jobs, outlook, growth, levels, openings, hires

 

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