Worker shortage: many start new businesses

Oct 22, 2021
447 views
0 comments
Share
Open Enrollment

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

447 views
0 comments

Tags In

WFH Himachal Pradesh Jobs

Previous days news

Oct 21 Oct 20 Oct 19 Oct 18 Oct 14

Best tech jobs in the United States : BLS data

Sep 06, 2022
1070 views
0 comments
Background Checks

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

Sep 06, 2022
753 views
0 comments
Background Checks

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

Aug 17, 2022
1112 views
0 comments
Background Checks

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

Aug 17, 2022
732 views
0 comments
Background Checks

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

Aug 10, 2022
1171 views
0 comments
Background Checks

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

Worker shortage: many start new businesses

Worker shortage: many start new businesses

Tags In

Others news

Category

Tags

Articles