Jobs/Employment

What's Happened To Hiring Practices?

How is it that everybody’s hiring yet millions of Americans are still looking for jobs?

What's Happened To Hiring Practices?
Nam Y. Huh / AP
SMS

You may have noticed these two words more and more everywhere you look: "help wanted."

It seems all industries are still struggling to find, hire, and retain talent.  

Unemployment is near a five-decade low and turnover is high. 

The Bureau of Labor Statistics says there are almost 6 million potential workers who are unemployed.  

And as of the end of May, there are more than 11 million open jobs on the market. 

Meaning there are almost two openings per every available worker.  

Just last year, government data shows nearly 48 million people quit their job. 

That’s more than the entire population of California.  

And the trend of "The Great Resignation" hasn’t fully let up. 

Roughly 4 million people have quit or changed their job each month since January. 

This pressure to fill job postings has placed the spotlight on hiring practices. 

How is it that everybody’s hiring yet millions of Americans are still looking for jobs?