Can't get the staff: There are 10 million unfilled jobs in the US, a record high

Can't get the staff: There are 10 million unfilled jobs in the US, a record high

8/10/21 7:00PM

There are now more than 10 million job vacancies going in the US, a record high as managers and businesses continue to struggle to fill positions.

‍Can't get the staff

‍Companies have been using higher wages, signing bonuses and perks like working-from-home to try and entice would-be employees, with 41% of employers in a recent poll saying that they have offered enhanced benefits.

There are of course two sides to every market, and the flip side of the labor equation is people looking for work — of which there are about 8.7 million currently in the US. That means that there are more available jobs than there are people who want jobs — an unusual phenomenon if you look back at the last ~20 years of US data.

Fewer people chasing a relatively large number of jobs should be, if you're a job seeker, a good thing... if you're fortunate enough to be able to negotiate a higher wage.

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