Experts said a combination of factors got us here. Some industries, like the tech sector, have felt the brunt of the 10 interest rate hikes the Federal Reserve has implemented since March last year. In other areas, while the economy has generally recovered from the pandemic disruption, employers can’t find enough workers.
“There still are sectors and enterprises that are having trouble getting the workers they need, and all one needs to do is travel in the United States to experience that,” said Mark Hamrick, senior economic analyst for Bankrate.
Those sectors include health care and leisure and hospitality, which posted gains in Friday’s job report by about 40,000 and 31,000 openings, respectively.
