Thursday, 10 June 2021 18:04

CA Businesses Can’t Fill Openings; Economists Warn of Slowed Recovery

Written by Cole Lauterbach, The Center Square


...inflation on Main Street is rampant and small business owners are uncertain about future business conditions.”


An April poll from The Conference Board found 44% of firms said they have job openings they cannot fill right now---the highest percentage in the poll’s 47-year history, the authors said.


“On the supply side, many working-age adults may avoid entering the workforce because of factors that include the fear of being infected, the need to take care of young children at home and high federal unemployment benefits that may reduce the incentive to find work,” The Conference Board said.


The board said the labor demand is also increasing wage rates. 


We thank The Center Square for reprint permission. 


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