If your firm, or that of one of your industry colleagues, are among those that are having a hard time filling job openings, the latest report from the National Federation of Independent Business (NFIB) makes something clear. You are not alone. A record high number of job openings are going unfulfilled. As MHProNews previously reported, manufactured home independents have put the finger on COVID19-connected policies.
Here is the NFIB report dated 5.6.2021. The graphics are from NFIB, but were not posted on the same page as the report below.
Forty-four percent of small business owners unable to fill job openings
WASHINGTON, D.C. (May 6, 2021) – A new NFIB’s jobs report for April shows a record 44% of all small business owners report having job openings they could not fill, 22 points higher than the 48-year historical average, and two points higher than the 42% figure from March. April is the third consecutive month with a record-high reading of unfilled job openings among small businesses.
“The tight labor market is the biggest concern for small businesses who are competing with various factors such as supplemental unemployment benefits, childcare and in-person school restrictions, and the virus,” said NFIB Chief Economist Bill Dunkelberg. “Many small business owners who are trying to hire are finding themselves unsuccessful and are having to delay the hiring or offer higher wages. Some owners are offering ‘show up’ bonuses for workers who agree to take the job and actually show up for work.”
Overall, 59% of small business owners reported hiring or trying to hire in April, up three points from March’s reading. Owners have plans to fill open positions with a seasonally adjusted net 21% planning to create new jobs in the next three months.
Ninety-two percent of those owners hiring or trying to hire report few or no “qualified” applicants for the positions they were trying to fill in April. Thirty-one percent of owners reported few qualified applicants for their open positions and 23% reported none.
A net 31% (seasonally adjusted) reported raising compensation, the highest level in the past 12 months. A net 20% of owners plan to raise compensation in the next three months.
Eight percent of owners cited labor costs as their top business problem and 24% said that labor quality was their top business problem, the top overall concern.
Firms increased employment by 0.31 workers per firm on average over the past few months. Thirty-seven percent have openings for skilled workers and 20% have openings for unskilled labor.
Forty-four percent of the job openings in construction are for skilled workers, up four points from last month. Fifty-eight percent of construction firms reported few or no qualified applicants.
Notice: While the arrangement or layout of this report has been modified, several elements of the basic concepts used before are still the same. The headlines that follow below can be reviewed at a glance to save time while providing insights across the left-right media divide. Additionally, those headlines often provide clues as to possible ‘market moving’ reports.
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
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- Both dogecoin and Tesla move higher ahead of Elon Musk’s ‘SNL’ performance
- Wall Street mostly brushed off the surprisingly weak jobs report
- Major letdown: America added way fewer jobs than expected in April
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- Adam Sandler is seen on February 08, 2020 in Los Angeles, California.
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- Microsoft is finally updating its 26-year-old icons from Windows 95
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- Nasdaq’s computer system literally can’t handle Berkshire Hathaway’s sky-high stock price
Headlines from right-of-center Newsmax
- Justice Dept. Proposes Rule Intended to Crack Down on ‘Ghost Guns’
- For years, federal and local law enforcement officials have been sounding the alarm about what they say is a loophole in federal firearms law, allowing people who are generally prohibited from owning guns to obtain them by making the weapons themselves. President Biden recently announced a crackdown on ghost guns amid a series of lethal mass shootings.
- The Biden Presidency
- Treasury Releases $21.6B in Rental Assistance
- Labor Sec. Walsh: Jobs Report Shows ‘Steep Climb’ Ahead
- WH: Iran Must Comply With Nuke Deal to Get Sanctions Lifted
- Biden: Jobs Report Shows Need for My Economic Plans
- Mayorkas: Permanent Status Possible for Reunited Families |
- Biden Hasn’t Won Over Florida Voters, FAU Poll Shows
- Biden Leaves ‘God’ Out of National Day of Prayer
- Texas Democrat Accuses Biden Admin of Playing ‘Shell Game’ With Border Facility Pics
- Talks Resume on Bringing US Back to Iran Nuclear Deal
- VP Harris’ Family in India Grapples With COVID
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- US Calls for Release of Tiananmen Vigil Activists
- More The Biden Presidency
- Newsfront
- Cruise Giant May Skip Florida Over Gov’s Break From Feds’ COVID Guidance
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- S. consumer borrowing rose by a strong $25.8 billion in March, the
- Rob Carson Reveals Reason Democrats Hate Arizona Recount
- Democrats are throwing everything they have at stopping the Maricopa
- Justice Dept. Proposes Rule Intended to Crack Down on ‘Ghost Guns’
- The Justice Department on Friday released a proposed rule that would
- Trump Hammers Michigan, Wisconsin for Failing to Probe 2020 Vote Dump
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- Gov. Kemp Signs Bill Aimed at Banning ‘Defund the Police’ Efforts
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- As U.S. health officials prepare to authorize Pfizer’s coronavirus
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- Women dropped out of the U.S. labor force in April for the first time
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- US Job Growth Misses Expectations in April Amid Labor Shortages
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- Maricopa County Officials Refusing to Turn Over Routers to Auditors
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- DeSantis: Unemployed Floridians Will Have to Start Looking for Work
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- Biden Leaves ‘God’ Out of National Day of Prayer
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- Governor Says Utah Won’t Mandate Masks in Schools Next Fall
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- Former Massachusetts Democrat congressman Barney Frank says
- More Newsfront
- Finance
- US Job Growth Misses Expectations in April Amid Labor Shortages
- S. employers hired far fewer workers than expected in April, likely frustrated by labor shortages, leaving them scrambling to met booming demand as the economy reopens amid rapidly improving public health and massive financial help from the government.
- Biden: Jobs Report Shows Need for My Economic Plans
- After Weak Jobs Report, Fed Unlikely to Change Super-Easy Policy
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- More Finance
- Health
- Kaiser Poll: Many Parents Hesitant to Get Younger Kids Vaccinated
- As U.S. health officials prepare to authorize Pfizer’s coronavirus vaccine for emergency use in younger children, a new poll shows that less than a third of parents would get their child vaccinated as soon as the shots are approved for kids…
- A Little Alcohol Might Help the Heart
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- Study Examines Why COVID-19 Mortality Rates Higher Among Hispanics
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
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Spring 2021…
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
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That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
