FileUnemployment

Are Businesses Struggling to Find Workers?

Updated : June 11th, 2019

Companies are finding it exceedingly difficult to source talent. Currently, 79% of hiring managers find it difficult to get the right talent to meet the requirements of open positions. 41% of hiring managers also express that turnover rate has increased since last year.

This is due to employees being lured away by competitors offering more money. Similarly, 61% of the Chief Information Officers have reported that it is a challenge to find the right skilled IT resources. In the construction industry, there is also a difficulty in meeting the hiring deadlines and this looks to continue for the next 12 months.

75% of construction firms have problems finding skilled workers to fill hourly craft positions that are the majority of the construction workforce. Finally, 67% have predicted that this scenario would continue over the next 12 months.

This would eventually affect the building activity across the US and lead to fewer firms in the short-term to bid less if they do not have enough personnel for their projects to meet demand.

Are_Businesses_Struggling_to_Find_Workers

Women Owners Remain Optimistic

As the years rolled on, women now hold a prominent position in the business and are no more behind the men. A recent survey by Bank of America finds an upbeat trend to women as future owners and employees.

Keeping this view in mind, two-thirds of women entrepreneurs feel that more women will own companies than men in the next 20 years. 80% of women fill more jobs in the Science, Technology, Engineering, and Math fields (STEM) and have more jobs than even the men in those fields. Additionally, 70% expect women to be in as many senior executive roles in corporations as men are in. Contrary to the outlook in the market today, women owners remain upbeat about the economy and the likelihood of it improving in the next 12 months. 45% are confident about the local economies which are up from 37%, and 44% are confident about the national economy which is up from 25% in the previous year.

Difficult to Find Workers to Rebuild after Harvey and Irma

Hurricane Irma destroyed most of Florida Keys by flooding waterfront homes and shredding docks. Usually, on a regular day, there would be only one inquiry per day about renovation while there are four after the hurricane hit the coastal state. Since late August to the middle of September, Hurricane Harvey and Irma have destroyed property across Texas and Florida with damages that exceed $200 billion according to Moody’s Analytics. Similar to the national employment ratio, male participation in the workforce has decreased from 73.3% in 2005 to 69.2%. Due to a large percentage that is addicted to Opium, there is a large fraction of men that have remained without work. But this has not affected the national employment index or possed any restrictions against immigration. This has left labor-related fields like manufacturing and construction in shambles as business owners explain that there is a lack of skilled workers that can pass the routine drug test.

Alan Krueger, an economist from Princeton found that 47% of men aged between 25 and 54 years that are unemployed take pain medication. This accounts to two-thirds of the entire population that take prescription drugs. This can be quite alarming as there are a large number of deaths caused by prescription painkillers, especially in the state of Ohio. This has resulted in a substitute of synthetic opioid fentanyl.

Widening Gap between Jobs Available and New Entrants

A national study by Princeton economist Alan Krueger found that 47 percent of men between the ages of 25 and 54 years old who are not in the labor force take pain medication. Two-thirds of those took prescription drugs. Recent data has shown that 4000 people have died from an overdose last year and 3000 in 2015, with a spike in fentanyl consumption. President Donald Trump has declared a National Emergency for the opioid crisis.

The forecast suggests that Florida’s construction is set to see a rebound since 2016 and President Donald Trump looks to make good on his campaign promises that will make hundreds of millions of people get employed in infrastructure projects. This has not been the case as more than half of Florida’s contractors continue to experience a shortage in skilled labor. This comes at a time when local groups are taking time to train new workers. In this case, 73% of construction firms plan to expand their payrolls in 2017 as contractors expect the private and public sector demand to grow in all sectors. In 2006, the industry had employed around 3.4 million workers with the National Association of Home Builders. But this year, home building employment was down to 2.7 million.

Hiring is up by more than 17% across the United States since July 2016 but managers find a skills gap in the workforce. Similarly, construction jobs have increased by 25% and surveys conducted across different jobs suggest that they are desperate for labor. A lack in the workforce has also resulted in a reduction in the number of homes sold in the last 2 years. This is due to homebuilders finding it hard to get enough work to increase the rate of building.

Even in the hotel industry and restaurants across the country have seen an 18% surge in job openings from April this year. Most restaurants have tried to offer more pay in recent years and workers would benefit from the increase in the minimum wages.

This suggests that job boards across all verticals are finding it difficult to find the right talent. Additionally, there are not enough training workshops to help the workforce to have the right skills. Other problems with the labor unions and drug abuse are making it difficult for employers to get enough people to meet the demand. If you face a similar situation and find it hard to find the right talent then you can visit the Community Forums to find answers to this problem.

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  1. I work for a church pre school program and I have lost my job due to coronavirus. When I applied for unemployment in Texas it says that two does not except this employer as my last employer. I’ve been working there for 13 years. What do I do?

  2. Chad ….. how do I get thru when it wont accept my ID or my password. I change it 5 times and it still wont work. Calling is not working at any time when I spend and whole day calling back to back to get thru. why don’t they just help or force the employers ( company) to place they claims in for their workers like GM did……I NEED HELP…PLEASE.

    1. Chad,

      We understand this might be a difficult time for you. We’re anticipating a shortage of staff across unemployment offices due to the massive surge in UI applications considering the pandemic. We advise against calling or visiting the office, as you may not get a response instantly.

      Your state may have activated “Extended Benefits (EB)” authorized by the federal government. We recommend you apply for UI benefits online. For more information, please visit your state’s official Unemployment website.

  3. i live in ga…all the day cares have shut down my wife and i have full time jobs,,,but i have to leave my company which i have been there for over two years,to take care of our child….can i still collect unemployment…this covid virus is why i have to leave my job…

    1. Gary,

      We understand this might be a difficult time for you. We’re anticipating a shortage of staff across unemployment offices due to the massive surge in UI applications considering the pandemic. We advise against calling or visiting the office, as you may not get a response instantly.

      Your state may have activated “Extended Benefits (EB)” authorized by the federal government. We recommend you apply for UI benefits online. For more information, please visit your state’s official Unemployment website.

  4. are you kidding me my son lost his job on 10/17/2020 hes mentally challenged and cant file on his own because he doesn’t know how so I started going to sites trying to file for him and the residence inn Marriott promised to help him and have done zip . ive tried 10 different sites and I keep getting dropped wen I complete forms and push submit. 12 days now n still cant file a claim.

    1. Martin,

      There’s only one website you should be trying from. Please let us know your state and we’ll share the website information.

  5. I have submitted my forms EXACTLY as I was instructed too on line. Even though I have filled out the paperwork correctly I keep getting emails asking for me to fill out the form that I have done multiple times already. Remuneration – Claimant Questionnaire is the issue. I got online and requested a phone call. 3 days ago. I just need to know that you guys received everything and I don’t owe any more information.
    Nobody answers the 617-626-6800 number. Just get directed to the internet. Well, you can’t speak with the internet. I am getting mixed messages and I fret that this will delay any benefits.
    Could someone please give me a call.

    1. James,

      Please try finding answers online since there might be limited phone support due to the shortage of staffing. This is a private forum and we’ll not be able to arrange a callback.

  6. I work for a church that has grown it’s congregation over almost 40 years and we now have 26 mostly full time employees, most being here many years. Will our employees be able to file and receive benefits since we are an EXEMPT from paying unemployment industry? State of Florida

  7. My unemployment benefits ran out 3/1/2020 am I able to file for extended benefits ? I live in California and am 62 years old.

    1. Ariana,

      We understand this might be a difficult time for you. We’re anticipating a shortage of staff across unemployment offices due to the massive surge in UI applications considering the pandemic. We advise against calling or visiting the office, as you may not get a response instantly.

      Your state may have activated “Extended Benefits (EB)” authorized by the federal government. We recommend you apply for UI benefits online. For more information, please visit your state’s official Unemployment website.

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