The U.S. economy didn’t have as many unfilled jobs in November as in previous months, according to the latest Labor Department numbers, but it still had more jobs than Americans looking for work.FromTheWall Street Journal(subscription):
“The number of unfilled jobs in the U.S. fell in Novemberto the lowest level since June,though openings still exceeded unemployed Americans.”
“There were a seasonally adjusted 6.89 million job openingson the last business day of November, the Labor Department said Tuesday. That was down from a revised 7.13 million at the end of October.”
“Openings remain near a historical peak,but have edged lower since touching a record high of 7.29 million in August.”
“In November, openings exceeded the unemployed—people without a job but actively seeking work—by 870,000.Before March of this year, job openings had never exceeded unemployed workers in more than 17 years of monthly records.”
As manufacturers know, the workforce crisis is a long-term problem for the industry. The number of unfilled manufacturing jobs requiring skilled laborwill riseto 2.4 million within a decade, according to a recent report by The Manufacturing Institute, the NAM’s social-impact and workforce arm, and Deloitte.
Last year, The Manufacturing Institute increased its efforts to counter this challenge, starting new programs and achieving record-breaking engagement levels. Read more about ithere.