Employers Move Slow to Fill Jobs
Employers are slow to fill positions, according to a report at Bloomberg.com. In fact, compared to previous recessions, openings are being filled at half the rate. The report cites several factors including skill mismatches, selectiveness and risk aversion by employers which shows up as a decrease in recruiting intensity, and, most interesting of all, a decrease in job-search intensity by long-term unemployed. Regarding the latter factor, the article speculates that jobseekers get discouraged, self-assess their worth downward and have been propped up with unprecedented unemployment comp benefits. The full story can be found here.