NY Manufacturers: It’s Taking Longer to Fill Job Openings

A supplemental survey from the Federal Reserve Bank of New York found that New York manufacturers were facing longer waits in filling job opening. When asked how the intervals between posting a job opening and filling it, 38 percent of manufacturers reported that the duration of job vacancies had increased compared with their experience in 2015. Businesses were also asked how much they expected the wage or salary of a typical worker (not including benefits) to change over the next twelve months. Roughly 74 percent of manufacturers expected salaries to increase. Read the full report.