Businesses Are Offering Applicants Incentives Amid Worker Shortage

The video discusses the national worker shortage in the US, highlighting how businesses are struggling to hire and retain employees despite offering incentives like bonuses and higher wages. The Labor Department reported only 266,000 jobs added in April, with unemployment at 6%. Various factors contribute to the shortage, including shifts to other industries, childcare responsibilities, and COVID-19 fears. Employers also face competition from enhanced unemployment benefits provided by the government.

What are some methods businesses are using to attract workers during the national worker shortage?

• Reducing working hours

• Offering sign-on bonuses

• Decreasing wages

• Eliminating benefits

How many jobs were added in the US during the month of April, according to the Labor Department?

• 500,000

• 1,000,000

• 266,000

• 100,000

What is the approximate unemployment rate mentioned in the video?

• 4%

• 6%

• 10%

• 8%

Which of the following is NOT a reason mentioned for the labor shortage?

• Increased job opportunities

• Switching industries

• Virtual learning for children

• Fear of COVID-19

What do frustrated employers blame for the difficulty in hiring workers?

• Lack of training programs

• Enhanced unemployment benefits

• Government policies

• High taxes