Marketplace®

Daily business news and economic stories

Where are the workers, in a labor market this tight?

With unemployment so low, at 3.9 percent in July, some employers are taking a second look at workers they might have passed on before

Commuters make their way through Grand Central Terminal as the sun shines in through the windows. 
Commuters make their way through Grand Central Terminal as the sun shines in through the windows. 
DON EMMERT/AFP/Getty Images

The tight labor market has prompted employers to reach into pools of workers they might have otherwise overlooked: People who failed drug tests, people with prison records, early retirees. And people who were out of that labor market — like older workers — are starting to look for jobs again despite reduced benefits and stagnant wages. So is the labor force pretty tapped out, or are there more potential workers waiting in the wings to jump in?

Click the audio player above to hear the full story. 

Related Topics