Summer is upon us. School’s out, vacations are beginning, and people are ready to hit their favorite seasonal locales. However, facing a labor shortage, businesses might have a hard time keeping up this summer. Headed into the hiring season, job openings were nearly double the amount of unemployed persons, signaling a tight labor market with strong competition for qualified workers.
Narrowing in on the latest JOLTS numbers, the leisure and hospitality sector – an integral piece of the summer economy – faces a notable gap between the openings and hiring rate. In April, the openings rate remained high at