Labor Market Mismatch: Job Seekers vs. Job Openings

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Image credit: Greg Consulta

The U.S. has 6 million open jobs and 6.8 million unemployed workers. How can this be? Experts chalk up this major labor market problem to three main factors:

  • Job seekers tend to lack the skills in demand due to an aging workforce, the rapid pace of automation, and a lack of effective job training programs
  • Job seekers are not willing to move to jobs that are available
  • Employers have unrealistic expectations, which leads to job application requirements that do not actually match the job requirements

Read more about the labor market mismatch here