“Business’ number one problem is finding qualified workers.”
American businesses continued the trend of adding new jobs in June. Private sector employment rose by 177,000 jobs since May of this year, according to the latest ADP / Moody Analytics National Employment Report.
“The labor market continues to march towards full employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Healthcare led job growth once again and trade rebounded nicely.”
Medium sized businesses with 50-499 employees showed the greatest leap, increasing jobs by 80,000. Large businesses (500+ employees) added 69,000, followed by small businesses (under 50 employees), which added 29,000 jobs.
Mark Zandi of Moody’s Analytics said, “Business’ number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all industries and company sizes.”
The ADP report for the same month in 2017 showed an increase of 158,000 jobs.
The current unemployment rate in the US is 3.8 percent, according to the Bureau of Labor and Statistics.