Skilled Workers Are Scarce in Tight Labor Market
Skilled Workers Are Scarce in Tight Labor Market
As unemployment hovers near a nine-year low, small U.S. manufacturers say they are spending more to find and train workers
By Jeffrey Sparshott
Jeffrey.Sparshott@wsj.com
@jeffsparshott
Feb. 2, 2017 10:00 a.m. ET
Small U.S. employers have complained that its difficult to find the right workers. Now, with unemployment near its lowest in nine years, they are doing more of the difficult work of training them.
Nearly two-thirds of small businesses are spending more time training workers than they were a year ago, according to a survey by The Wall Street Journal and Vistage International, a San Diego executive-advisory group. That could give more Americans access to skilled manufacturing jobs as companies invest the time and resources to bring in less-experienced workers.
The biggest challenge confronting firms is their need to expand hiring in an already-tight labor market, said Richard Curtin, a University of Michigan economist who oversaw the survey. ... As a result, some firms are casting a wider recruiting net and landing workers with fewer relevant skills.
Its very challenging to find individuals for job placements, especially ones with any type of experience, said Travis Lane, chief executive of safety equipment manufacturer Rock Exotica. Weve had to look to younger generations with less experience.
Thanks for nothing, Obama!