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    Share this: Some small businesses are still struggling to hire qualified workers, even as Americans return to the U.S. job market in droves. Hiring and retaining employees remains the top challenge for small businesses, according to a survey of 1,100 businesses by Goldman Sachs 10,000 Small Business Voices out last week. Ninety percent of businesses that are hiring are finding it difficult to recruit qualified candidates for open positions. In general, the U.S. job market is sizzling. An unexpectedly strong recovery from the brief but devastating coronavirus recession left companies scrambling to recall workers they had laid off in the spring of 2020 and to find new ones. Over the past year, U.S. employers have added an average of more than 540,000 jobs a month. The Labor Department is expected to report Friday that employers hired another 396,000 last month, according to FactSet.
    The business of “fun” has a people problem, and it’s no fun hiring these days. My trusty spreadsheet says leisure and hospitality businesses had a record 1.34 million unfilled job openings nationwide at the end of May. That’s a 44% increase since February 2020, the month before the coronavirus iced the economy. Now, the industry isn’t alone: All other private industries had 6.67 million openings — up 29% vs. February 2020. No industry was harder hit by the pandemic’s economic damage than what I call “fun” work — serving restaurant diners, hotel guests and visitors to attractions. The business of gathering folks in a single place didn’t fit well with government mandates designed to slow the spread of coronavirus by keeping people apart. And many consumers — whether they were spending their own money or using a corporate expense account — were reluctant to get out or travel. With economic reopenings in full swing, “fun” businesses now face a new hurdle: their large — and growing — share of the “Help Wanted” world. The industry has 9% of all...
    New York (CNN Business)Stores have a glut of job openings to fill. One chain hopes automation is a solution to the pressure.DSW is piloting self-checkout stands in stores in "response to hiring challenges," said Karen Cho, senior vice president of human resources at Designer Brands (DBI), owner of the shoe chain, in an email. Cho said the self-checkout test started last year to also address health concerns with workers and employees trying to social distance.Cho said the company has "relatively lower hiring needs" because many full-time store workers stayed on throughout the pandemic, but "hiring has been more challenging than in past years" for part-time employees. The company is also offering signing bonuses to recruit employees and expanding health care benefits and subsidies for child care.There were 965,000 open jobs in the retail sector in April, according to the latest Labor Department data, around double the openings from April of 2020. Why hiring is toughRead MoreRetailers are searching for workers as growing numbers of vaccinated Americans head back to shop in stores.Economists, labor experts and companies say the reasons for...
    Sherry Villanueva's family of Santa Barbara restaurants employed 350 people before the pandemic took hold and darkened dining rooms across California. Now, with the state's economy officially reopened, about 250 workers are back on the job.Villanueva would hire 100 more if she could - but she can't find people to take the openings."We are in the midst of a very severe labor shortage," said Villanueva, owner and managing partner of Acme Hospitality, which operates eight eateries in the popular seaside destination, though two remain closed. With staffs stretched paper-napkin thin, the employees "are doing the job of two people."California fully reopened its economy on June 15 and did away with limits on capacity at restaurants, retail stores and other businesses. People are eager to return to sporting events and amusement parks and enjoy a meal out.But instead of full dining rooms, many restaurants are being forced to cut operating hours or leave tables open. Villanueva's company is offering cash bonuses to workers who recruit new employees.The worker shortage is also affecting restaurants across the U.S. The National Restaurant Association has...
    VIDEO3:0503:05Federal Reserve's Beige Book: Economy expanded at moderate pacePower Lunch Businesses are facing rising costs particularly on goods used to make their products, while they are offering higher wages and other incentives to get employees back to work, the Federal Reserve reported Wednesday. Economic growth increased at a "moderate pace" from early April to late May, the central bank said in its periodic "Beige Book" survey of activity across its 12 districts. Companies said increasing vaccination rates, as well as easing of restrictions put in place to combat the Covid-19 pandemic, also helped with growth. However, they also cited accelerating inflation pressures coming from wages as well as the costs to procure input goods they need to operate. Those costs, they said, will result in price increases. "Strengthening demand … allowed some businesses, particularly manufacturers, builders, and transportation companies, to pass through much of the cost increases to their customers," the report said. "Looking forward, contacts anticipate facing cost increases and charging higher prices in coming months." They also cited labor shortages that are persisting even with increased incentives to...
    The growth of small businesses in the U.S. was held back in April because small businesses could not find enough workers, the National Federation of Independent Businesss said Tuesday. “Small business owners are seeing a growth in sales but are stunted by not having enough workers,” said NFIB Chief Economist Bill Dunkelberg. “Finding qualified employees remains the biggest challenge for small businesses and is slowing economic growth. Owners are raising compensation, offering bonuses and benefits to attract the right employees.” Forty-four percent of small business owners said they had job openings they could not fill, the NFIB said. The NFIB’s small business optimism index rose 1.6 points to 99.8, undershooting expectations for a rise to 100.8. Eight of the ten components of the index rose in April. Plans to increase employment and expectations for the economy declined. Business leaders have been saying that they believe that Americans are being discouraged from returning to the workforce by enhanced unemployment benefits, which allow nearly half of jobless recipients to collect more money than they did while working. President Joe Biden and Treasury...
    MIAMI (CBSMiami) – With vaccinations increasingly available, millions of Americans are going out to eat again. Restaurants nationwide are having trouble accommodating all their new customers because of an employee shortage. “It is bad enough that businesses are limiting their capacity, their operating hours, closed on days they are normally open. Not enough staff to meet the needs of our guests,” said South Florida Regional Director at Florida Restaurant & Lodging Association Lynn Hernandez. READ MORE: SpaceX Splashdown: 4 Astronauts Ride SpaceX Capsule Back To Earth Business is back at The Loft Restaurant in Poulsbo, Washington. Owners Sandy Kolbeins and Michael Buholz are serving up meals to a growing number of diners. But there’s a key ingredient missing: workers. “This is the hardest it has ever been in my 30 years in this industry, to find anyone to come and cook,” said Buholz. Establishments nationwide are facing staffing shortages at all positions. The Mill in upstate New York is offering gift cards to customers who help find new employees. “Our biggest fear is that we have this beautiful location and...
    A record number of Americans are unemployed after the coronavirus continues to slash jobs across sectors like tourism and hospitality, arts and entertainment, which have been decimated by the pandemic. Yet for some employers the reverse is true: They can't hire enough workers to keep pace with the demand for their services. Job openings abound in potentially risky industries like dentistry and the beauty and wellness field which involve close contact with clients.  For example, from February 1 to October 23, the year-to-date trend in job postings in the beauty and wellness category on job site Indeed.com was up 6.3% compared to the same period a year earlier. In contrast, the trend for job postings overall was down 14.5% as of October 23, compared to the same period in 2019, according to Indeed's data. Get Breaking News Delivered to Your Inbox "Some of these sectors, like dental and beauty and wellness, are rebounding as people get services they postponed earlier in the pandemic," said Indeed's chief economist, Jed Kolko, in a post last month. Hiring crunch Take Gerrae Simons Miller, the owner of...
    CONCORD, N.H. – The clock is ticking for election officials to fill a massive need for people to work the polls on Election Day. Many senior citizens who typically work the polls are staying home this year due to the risks of the pandemic, researchers from MIT’s Election Data and Science Lab and the voting rights group Democracy Works said. They estimate the country needs at least 467,000 new poll workers to meet the demand. Connor Spern, 24, was scrolling on Facebook late one night when she saw a plea for help from her city. The City of Concord sought any low-risk young person who could volunteer in an upcoming state primary election. “See ing that was a real eye-opener,” Spern said of the shortage of help this year. “I hadn’t considered the fact that most of those poll workers are seniors and they are the ones that are truly affected by COVID.” She said she signed up right away and spread the word to Concord’s Young Professionals Network and enlisted the help of several friends. Election officials in...
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