United States

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Overall Score

6.6 in 2015 6.9
0 2.5 5 7.5 10

Key Finding

In 2016, skilled labour markets across the United States have become slightly healthier according to the Hays Global Skills Index. This primarily reflects declining wage pressures, and improvements in labour supply as education flexibility and labour market participation rose.

BREAKDOWN OF SEVEN INDICATOR SCORES

Scores
0 2.5 5 7.5 10
Education
flexibility
6.6
Labour market
participation
3.7
Labour market
flexibility
4.8
Talent
mismatch
10.0
Overall wage
pressure
6.5
Wage pressure in
high-skill industries
9.9
Wage pressure in
high-skill occupations
4.9

COUNTRY OVERVIEW

View from the ground

As the economy improves for another quarter in a row, we are seeing increased job creation and higher wages. Labour force participation has increased, however, we are not seeing that translate into reduced skills shortages. There is a talent mismatch, so employers are still struggling to fill niche roles, while some job seekers are struggling to find a suitable role. The country’s busiest sectors such as construction, IT and technology, banking and financial, and life sciences are experiencing talent shortages that challenge productivity and growth. The 2016 election result will have a significant impact on the federal economy, but it will be some time before we know the full ramifications.

Dan Rodriguez, Managing Director, Hays USA

Dan Rodriguez, Managing Director, Hays USA

Country Profile

Broadly speaking, the United States economy continues to perform well. Labour demand continues to pick up.

Over the past year, about 2.4 million new jobs have been created.

The unemployment rate has declined to 4.7 per cent, its lowest level since before the financial crisis and ensuing recession.

Dan Rodriguez, Managing Director, Hays USA

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