GO
Loading...

Unable to Fill Skilled Jobs, Unskilled Caught in Bottleneck

Companies can't fill open skilled jobs, so unskilled jobs don't open, CareerBuilder CEO Matt Ferguson told CNBC Friday.

Getty Images

"Part of the bottleneck we have in the labor market is the skilled positions can’t get filled by the companies for a variety of reasons, and therefore there’s a whole host of unskilled positions that don’t even open up," said Ferguson.

That means those who lack skills are stuck in part-time, low-paying jobs, if they can get one at all.

Another problem: Small businesses are "not hiring en masse today, and when you see that come back I think you’ll see the labor market overall and the unemployment come down quickly," he said, noting that the private sector is the place where job creation will happen.

Ferguson spoke before the November jobs datawere released showing the unemploymentrate down to 8.5 percent and the labor market adding 120,000 jobs.

According to CareerBuilder data, companies with "high-volume" hiring include Wells Fargo

, Sears, and Chicos FAS .

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Don't Miss

U.S. Video

  • CNBC's Rick Santelli reports WTI Crude followed the dollar up, and then down, around the FOMC statement. Santelli weighs in on the moves in yields around the statement.

  • Traders on the floor of the New York Stock Exchange.

    CNBC's Bob Pisani dissects the move higher in the S&P 500 after the FOMC statement. The Fed said the effects of lower oil prices are transitory in nature.

  • Reacting to the FOMC statement, with Lindsey Piegza, Sterne Agee; David Kelly, JPMorgan Funds; Bob Doll, Nuveen Asset Management; and CNBC's Steve Liesman. The Fed has kept its key phrase of "considerable time."