News & Insights
Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Where are the Workers?
With the most recent labor report citing far less job growth than expected, the Labor Day weekend started out on a low note. We continue to see help wanted signs at large, medium and small businesses wherever we go, a phenomenon across Texas and throughout the country.
This past week’s job openings survey from the Bureau of Labor and Statistics seems to confirm our anecdotal experience, reporting that as of the end of July there were 10.9 million open jobs asking to be filled nationally (versus 8.7 million unemployed, as of July). Another small business survey, Jobs Difficult to Fill, makes clear that there are plenty of jobs available; the tough part is filling those jobs with people.
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