About 33% of 848 small-business owners and chief executives said they had unfilled job openings in June because they couldn’t identify qualified applicants, up from 31% of 811 owners nearly two years ago, according to surveys by The Wall Street Journal and Vistage International, a San Diego peer advisory group for executives. During this period, owners’ confidence in the economy increased.
While skilled professionals are always in high demand, falling unemployment rates (6.1% in June) combined with increasing confidence in the economy are making it harder and harder to find the right people. A total 43% of surveyed business owners report that an inability to fill open positions is slowing the growth of their businesses.
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