HelpWanted.com

Worker shortage: many start new businesses

Worker shortage: many start new businesses

With American workers quitting at record rates, the country has a labor mismatch and far more job openings than the number of unemployed people. However, a new analysis shows that the one reason for the job crunch comes down to entrepreneurship. According to an analysis of Census data by Economic Innovation Group (EIG), through September, a record number of 1.4 million Americans filed applications to start new businesses. Most of these startups are in the fields of manufacturing or retail- sectors that are likely to create jobs versus freelancers who typically work independently. 

Kenan Fikri, director of EIG says that the growing number of businesses is a good sign for the economy despite the constrained labor market. He added that a lot of these entrepreneurs are targeting opportunities opened by the pandemic, such as "ghost kitchens" that prepare meals only for takeout or delivery only. "Part of this Great Resignation was also Americans deciding that they didn't want to work for anybody — they wanted to work for themselves. That's just exacerbating the pinch that employers are feeling", Fikri told CBS MoneyWatch.

Source: CBS News 
Tags In
WFH Himachal Pradesh Jobs

Previous days news

Oct 21 Oct 20 Oct 19 Oct 18 Oct 14

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
IndiGo Job Frauds Job Prospects Animal Science Jobs For Orphans IIT Placements Inspiring Trade Unions Social Welfare State Cabinet Campus Hiring Jobs In Banks Skills Kerala Government Armed Forces SME COVID19 Job Losses Anganwadi Jobs Generation Z COVID 19 Job Market Entrepreneurial Commercial Bankers In India Rajouri DC Coding TCS Jobs Covid-19 Jobs Women Unemployment NRAI Ecosystem Developer Startup Hiring Paid Internships Banking Hiring Skill India International Centre Delhi Gov Autorickshaw Drivers Jobs In Rajasthan Job Switch UPSSSC Jobs In Pune COVID19 Hiring Indian Oil Grey Collar Jobs Daily Wage Workers Initiative Follow Your Passion Powerloom Workers Jobs In Manufacturing MSMEs Workers Covid-19 Job Losses Metro Cities
Articles

With Remote Working Being the New Norm, How to Hire the Best remote Workers

Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...Read more

I-9 Compliance for Remote Employees - A Guide for Companies

More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...Read more

How Startups Can Ensure Success While Working With Freelancers

However, the scenario has changed drastically in the last ten years. According to a report by Forbe ...Read more

The Future of Gig Employment

There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...Read more