The Workforce Intelligence Network (WIN) of Southeast Michigan today released a report that shows there are currently less jobseekers than necessary to fill the demand for workers, which leaves the labor market relatively stagnant. The report is based on hiring activity in the second quarter, when the unemployment rate reached 3.8 percent, the lowest such rate since 2001.
“With the gap between employer demand and labor force growth widening, employers in the region will likely experience increased hiring challenges,” says Alex Rosaen, director of data analytics at WIN. “Efforts to train workers for available jobs and educate jobseekers about in-demand opportunities remain a top priority in the region.”
Soft skills are increasing in importance, with registered nurses remaining the most in-demand job for southeast Michigan at 9,638 job postings. Nurses are followed by heavy and tractor-trailer truck drivers (7,901 postings), software developers (5,757 postings), sales representatives (4,932 postings), and retail salespersons (4,585 postings).
“We are seeing soft skills becoming more and more important to employers in every occupation and industry sector,” says Rosaen. “To ensure that jobseekers are equipped with in-demand soft skills, it is important that we continue to connect employers with training and education partners to offer these opportunities.”
During this year’s second quarter, there was a 16 percent increase in job postings over the same period in 2016, but the labor market experienced a 4,406 person decrease during the same timeframe.
The full labor market report analyzed by WIN is available here.