When a company has one job opening, says Lloyd Luoma, a Lockheed employment supervisor, "a little advertising and luck will fill it. But with a hundred openings at once, you have a problem." Many U.S. employers have such headaches, and are racking their corporate brains to find ways of meeting the increasingly severe shortage of skilled workers.
The supply is tight primarily because unemployment now runs at a low 3.4%. One inflationary consequence is that labor can demand—and get—some fancy rewards. Last week the Labor Department reported that in major contracts negotiated...
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