The trio of job-related surveys released this morning all arrived at the same conclusion: there are slim pickings in the U.S. labor pool. Even if you want to hire, and a record share of companies do, it doesn't mean that you'll land the right person quickly. Be prepared to pay.
Job openings surged in April, to another record of 9.286 mln. Yes, that is a NINE, or 9, you're seeing there. Way above expectations. Hiring picked up (thankfully) but still well below what employers need.
Manpower survey ... record high 25% of companies plan to hire in the next quarter.
Good luck with that. Small businesses have plans to hire over the next three months, but the number of candidates, and the quality of candidates, are lacking. So these companies are planning to raise wages, if they haven't already.
Bottom Line: Why is the job market so tight? There are still issues that have to be worked out with regard to the fallout from the pandemic. Workers with the right qualifications may be drawn to other industries. Or perhaps education/training needs to be upgraded. But at the very least, raising salaries and wages, throwing in something extra to make the offer more attractive, are all steps that are now becoming commonplace.