Companies are now choosing from among a smaller pool of applicants, especially for those who have the education or skills they need.
Are employers starting to run out of workers to hire?
A hiring pullback reported in Friday’s U.S. jobs data for May raises that prospect. The economy added just 138,000 jobs, which was still high enough to help drop the unemployment rate to a 16 year-low of 4.3 percent. With the recovery from the Great Recession having reached its eighth year, hiring is gradually weakening.