Key Steps to Satisfying Workforce Needs
9 Sep 2023
News
According to the Bureau of Labor Statistics most recent report released on March 10, 2023, the unemployment rate for March was 3.5 percent. The unemployment rate has hovered at this level over the last 12 months, ranging between 3.5 percent and 3.7 percent, except for in January 2023 where it dipped to 3.4 percent, which was the lowest rate since 1969. During times of low unemployment, employers may struggle to meet their hiring and retention needs for a skilled workforce. Without a skilled workforce, industries find themselves struggling to maintain production levels to meet customers’ needs and sales or growth goals.
Read the complete article here.
More Topics

The skilled trades are at a pivotal moment in time. More than a decade of understaffing issues remain unresolved as the Great Retirement looms, and current economic uncertainty is shifting budget priorities away from workforce development at many organizations. As for the next decade, the U.S. Bureau of Labor (BLS)...

Since 1975, the Albuquerque Hispano Chamber of Commerce has been creating specialized programming to promote economic development, enhance economic opportunities, and provide business and workforce education to support the ever-growing small business community that continues to bolster our local economy.Recently, the Hispano Chamber concluded its first pilot program, Growing Small...

The New Mexico Economic Development Department has just released its job training funding awards – kicking off fiscal year 2024 with a record-breaking plan to fund training up to 545 trainees and 3 interns, Deputy Secretary Jon Clark announced after the monthly Job Training Incentive Program (JTIP) meeting in July.The...