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As US companies scramble to hire, workers enjoy upper hand

As US companies scramble to hire, workers enjoy upper hand

ABC News
Friday, July 02, 2021 10:41:18 AM UTC

With the economy growing rapidly as it reopens from the pandemic, many employers are becoming desperate to hire

WASHINGTON -- With the economy growing rapidly as it reopens from the pandemic, many employers are increasingly desperate to hire. Yet evidence suggests that as a group, the unemployed aren’t feeling the same urgency to take jobs. Many people who are out of work are either seeking higher pay than they had before or are still reluctant to take jobs in public-facing service companies for fear of contracting COVID-19. How those two trends balance themselves out will likely set the pace for how many open positions employers can fill in the coming months. On Friday, analysts expect the government to report that the economy added 675,000 jobs in June. That would be a substantial gain but nowhere near the gains that could be expected given the record-high number of job openings. In fact, some economists have estimated that monthly job growth would be at least twice what the three-month average gain was for March, April and May — 540,000 — if there were no constraints on the number of workers available to fill jobs.
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