In Areas With Low Unemployment, Employees Are Hard to Keep – WSJ
In Baca County, plumbers, electricians and other contractors are in such short supply that homeowners might have to wait a year or more for someone to come out, said County Commissioner Peter Dawson. Workers have the upper hand. “It’s easy enough to quit one job and go to work within a couple of days with somebody else,” Mr. Dawson said.
The labor market is getting tighter as the U.S. jobless rate fell to 4.3% in May, the lowest level in 16 years. Colorado had the lowest unemployment rate of all states at 2.3% in April, according to the latest data from the Bureau of Labor Statistics, followed by Hawaii, North Dakota and New Hampshire.
“It’s a good problem to have on some level, but it is a business concern because in order to have economic growth, you need to have an available supply of labor,” said Mark Melnik, the director of economic and public policy research at UMass Donahue Institute in Massachusetts.
"Two of my truck drivers right now, one of them is 75 and another is 82" https://t.co/jD3TUW7Ti7
— Conor Sen (@conorsen) June 2, 2017