ThinkWhy recently released its U.S. labor market rankings following the news from the Bureau of Labor Statistics that the U.S. economy added 943,000 jobs in July. Job openings remain at record highs, with more than 9.2 million open positions in the country.
Businesses are eager to capture market demand. Firms are expanding headcount budgets to meet increasing wages and fill open roles but still cannot hire quickly enough.
“The U.S. labor market is undergoing a major transition with several factors at play including employees switching jobs, the COVID-19 Delta variant, increasing wage demands and the delay in moving candidates through the recruiting and hiring process,” says Jay Denton, chief analyst for ThinkWhy. “Despite these challenges, however, the labor market continues to make traction toward regaining all jobs lost since the start of the pandemic and remains on track for a full recovery by early 2023.”
Top Five U.S. Labor Markets Reported by LaborIQ Index as of July 2021:
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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