Here’s Why Employers Are Having a Harder Time Hiring

If the U.S. is not at full employment, we are surely close to it. So says Steven J. Davis, a business and economics professor at the University of Chicago and the cocreator of tools measuring labor-market tightness for data provider DHI Group. In recent months the U.S. unemployment rate has hovered at lows last seen before the Great Recession. The percentage of jobs waiting to be filled, meanwhile, is close to eight-year highs. DHI data shows that the time it takes to fill open positions has been on the rise in most industries, suggesting increased competition for top-flight workers. For employers, that means upward pressure on wages.

Click here to enlarge the graphic.

Nicolas Rapp 

A version of this article appears in the April 1, 2017 issue of Fortune with the headline "It's Getting Harder To Hire."

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions