With current employee shortages, razor thin margins, supply chain issues and inflation, employers are continuing increases in pay to attract employees. Statista reported:
The leisure and hospitality sector, the industry most heavily affected by pandemic-induced layoffs last year, is now at the center of the worker crunch, as almost 1 in 10 positions in the industry remained vacant at the end of September. Despite 1.27 million hires in the leisure and hospitality sector, 1.59 million positions remained unfilled at the end of the month, as almost 987,000 workers quit their jobs in search for a better position elsewhere.
The following chart, based on data from the latest Job Openings and Labor Turnover Survey, shows which industries had the highest job openings rate at the end of September. The job openings rate is the number of job openings divided by all jobs, filled or unfilled, in a given industry. Aside from the hospitality sector, employers in transportation and warehousing had the most trouble finding personnel, while the fewest positions remained unfilled in construction, financial services and the government.