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Stock impact report

Is America About to Have a Major Labor Shortage? [The Motley Fool]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: The Motley Fool
Seasonal hiring is going to stress out an already stressed labor market. With the unemployment rate in America hovering around 3.9% -- well below the 5.2% to 6% considered full employment -- it has become harder for companies to fill open positions. That has in some cases pushed wages higher, and it has forced a number of large-scale employers to offer improved benefits, including helping workers pay for college . And while the idea of full employment can be debated, there are currently 6.9 million job openings and 6.2 million unemployed workers, according to recent reports by the Bureau of Labor Statistics (BLS). That's going to present major challenges for companies including  Target ,  UPS ,  FedEx , and  Macy's , which plan to hire tens of thousands of workers for the 2018 holiday season. This creates a situation where an already stressed labor market will be pushed to the breaking point. There simply aren't enough workers to fill every open position. Many br Show less Read more
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