The percentage of jobs waiting to be filled, meanwhile, is close to eight-year highs. DHI data shows that the time it takes to fill open positions has been on the rise in most industries, suggesting increased competition for top-flight workers. For employers, that means upward pressure on wages.
One measure of the worker shortage: It takes more time to fill the average position. It now requires a record 29.3 working days, nearly double what it did in the Great Recession, according to a job vacancy index by DHI Group, an online job-search service. It’s especially high in health care (47.9 days) and financial services (42.2 days).