Like other states, North Carolina is experiencing a tight labor market, meaning there are relatively few jobseekers per job opening. This situation is generally advantageous for jobseekers but presents hiring challenges for employers.
As of May 2021, there was only 1.0 jobseeker per job opening in NC, representing by far the most challenging hiring environment in a generation. Tight labor markets are nothing new, but the pandemic and the improving economy have added additional challenges. Concerns regarding health care or lack of child and/or senior care are holding people back from returning to work, while job openings are at a record high as federal stimulus has propped up consumer demand and driven a rapid recovery in business activity.
Low birthrates, low rates of immigration and the retirement of many Baby Boom generation workers will likely keep the labor rates tight for the foreseeable future. To address this challenge, businesses should consider strategies to expand potential talent pools and explore ways to retain talent in order to remain competitive.
Click here for the short guide of strategies and resources your business might consider.
For more information about talent pool strategies, contact your local NCWorks Career Center.
WIOA requires each WDB to develop and submit, in partnership with the local chief elected official, a comprehensive four-year plan. This plan is made available for public comment for the 30-day period beginning March 17, 2023 through April 17, 2023.
HM Alliance, Inc. has announced plans to renovate and operate an existing facility in Greene County.
This annual report captures the dedication, commitment, and hard work of our staff, NCWorks partners, and service providers, who enabled us to deliver quality services to businesses and individuals in need over the past year.