Businesses are still hiring but they are still struggling to retain employees, and the jobs they are losing are those with a higher pay, according to a new report.
In an interview with Fox News, Fox Chief Economist Brian Murphy said companies are finding it more difficult to keep pace with the pace of technological change in the workforce and the growing demand for employees.
“The human resource landscape is going to be much more difficult than it was 10 years ago,” Murphy said.
“Employers are just going to have to do more to get their employees in the door.
They need to pay them more.
They can’t just pay them less.
They’ve got to pay people more.
And they have to get people to stay longer.”
While the unemployment rate in the United States has remained stubbornly high at 7.7 percent for the last several years, the number of unemployed people has been steadily decreasing for the past several years.
According to a report from the Economic Policy Institute, the percentage of the working-age population with a job has been declining in every state except Alaska.
The number of employed Americans has also been declining.
The number of people who are employed or looking for a job fell in 2016 by nearly 20 percent, according the report.
Meanwhile, the labor force participation rate, which measures the share of Americans ages 16 to 64 who are either actively seeking work or actively looking for it, was 62.6 percent in January, down from 63.6 last year.
“People want to work and they want to get back to work.
The problem is they’re getting older, they’re more likely to retire, and we’ve got a population aging,” Murphy explained.
“And so it’s not just people who aren’t getting work, but also those that are not getting jobs that are more vulnerable.
And those are the kinds of things that will help us attract the workers that we need. “
But the one thing that we’re going to see is more and more people who want to be able to participate in the job market are going to want to do it for the right reasons.”
And those are the kinds of things that will help us attract the workers that we need.
And those are people who have a passion for the job, people who really care about their job, who are going out there every day, who have experience and know how to get the job done.
“So I think that will be the big challenge, in the coming years, is we have to find those types of people that are willing to work for the American people.
We’ve got that opportunity now.”
According to the report, while the workforce participation rate has fallen since the depths of the Great Recession, there are still millions of people out there looking for work.
And the number looking for jobs is expected to continue to grow in the future.
In 2016, there were 1.1 million people looking for employment, up from 1.04 million in 2015.
In the coming year, Murphy expects the unemployment figure to rise to 6.4 percent, down slightly from 7.5 percent in 2015, according in the report.
“The fact that we are continuing to see job losses at a time when the economy is growing is concerning.
It is also very troubling that the rate of job loss is increasing,” Murphy added.
“We need to be more proactive in terms of how we are attracting people into the labor market.
And that includes hiring more people.
But it also includes looking at how to make sure that they have access to quality education.”
According the report from EPI, the main reason why the labor participation rate fell in January was due to the fact that more people stopped looking for job opportunities, which means fewer people were available to work as they are looking to save money for retirement.
The report also pointed to a decrease in the number who are working part time because they are worried about having enough hours to support a family.