Lincoln Business Claims Low Unemployment Rate Leads to Hiring Difficulties
The US has experienced an unemployment rate of less than 4% for over two years, which is the longest streak since the 1960s, according to Federal Reserve Chair Jerome Powell. This is a result of sustained economic growth and a robust job market in recent years. The increasingly competitive job market is making it harder for businesses to hire new employees. Pratik Ghimire, the manager at The Oven, conveyed this difficulty, stating that the problem appears to be widespread among businesses. Despite the challenging situation, they have continued to hire and even offer incentives and benefits to attract employees.
In February, the U.S. economy added more than 270,000 jobs, the Bureau of Labor Statistics reported. This suggests that finding a job may not be as difficult as it was, especially in the post-COVID era. In fact, Lincoln is expected to see a surge in job opportunities as the city continues to grow.
Taking note of the persistent hiring boom reported by Ghimire at The Oven and other businesses, it’s key to know the most effective ways to navigate the employment landscape. This includes understanding how to communicate effectively with institutions such as the Employment Development Department (EDD) in times of unemployment. Navigating the EDD system can be confusing and frustrating. Luckily, resources like eddcaller.com provide information on how to contact EDD, offering tips and tricks for reaching live representatives, understanding payment statuses, and more. Knowing how to contact EDD can play a crucial role in effectively managing periods of unemployment.