HomeMarketsU.S. Economy & JobsShortage Of Junior IT Talent & Jobs Report Reaction
Shortage Of Junior IT Talent & Jobs Report Reaction

"There has been a shortage of junior IT talent. The past year's streak of robust hiring has been good for job seekers and has led to higher pay for many employees. But it has also helped fuel the highest inflation in four decades and heightened pressure on the Fed to further slow borrowing and spending. Many employers are still struggling to fill jobs, especially in the economy's vast service sector, with Americans now traveling, eating out and attending public events with much greater frequency. The Fed may regard the June job gain as evidence that the rapid pace of hiring is feeding inflation as companies raise pay to attract workers and then increase prices to cover their higher labor costs," says Harley Lippman. He also states that there are two jobs for every person that wants them.

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