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US employers will likely face a 'long period of tight labor markets'
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U.S. employers will likely face a "long period of tight labor markets," according to a new report by Glassdoor.
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The struggle to hire and retain workers will continue in 2022 as the pandemic drags on, according to Glassdoor's "Workplace Trends for 2022" report,
It's been nearly two years since the pandemic first gripped the country, but the economy still remains under threat from a spike in inflation, shortages of labor and supplies and the potential impact of the omicron variant of the coronavirus.
There were only 0.74 unemployed Americans for each job opening as of September 2021, according to the report.
Now, to combat the labor shortage, companies are now facing even more pressure to enhance benefits beyond temporary hiring bonuses that have been doled out in recent months to boost hiring across a variety of industries.