What is the National Fill Rate (# of hires made per # of job openings) as of September 2020?
Answer: – C (91%)
In January 2020, labor data indicates that the national fill rate was 84% – meaning for every 100 job openings, only 84 hires were made. Contributing to the talent shortages were declining labor force participation rates and the large number of workers from the Baby Boomer generation retiring daily.
By September 2020, the national fill rate, which had ballooned up to 134% in May 2020, was down to 91% . . . only 91 workers were hired for every 100 job openings. These statistics indicate that the talent shortage is still prevalent in the current marketplace.
(Source: ADP, The Workforce Evolution Will Continue in 2021)
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