The strong job market isn’t benefiting all Americans

Change your expectations ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS   Edited by Joyce Yoo   Digital Editor, New York It may look like the current labor market favors workers due to low unemployment and a surplus of jobs, yet many Americans are out of work and unable to find a new job. According to McKinsey's American Opportunity Survey, many job seekers are facing challenges finding positions that are the right fit when it comes to geography, skills, and other considerations such as flexibility. Respondents who are looking for work stated that limited availability of jobs and a need for different skills or credentials are the top barriers in their employment search. In a new article, André Dua, Kweilin Ellingrud, Michael Lazar, and their coauthors dig deep into the research and explore these mismatches. Check it out and understand the issues. The strong job market isn't benefiting all Americans Many respondents to McKinsey's American Opportunity Survey say limited opportunities and a lack of skills are keeping them on the sidelines of the tightest labor market in 50 years. Change your expectations   Quote of the day "We recognize the power and influence that we have to create change beyond our own walls. And we know that if we can help our portfolio companies become more inclusive, more equitable, that can help drive long-term performance." —Indhira Arrington, a managing director and the global chief diversity, equity, and inclusion officer of Ares Management, in 'Making the world a better place never feels like work': An interview with chief DEI officer Indhira Arrington Chart of the day See today's chart ALSO NEW One CEO's journey to becoming a business builder In this interview, Patrick Hylton, CEO of NCB Financial Group, shares his experience launching a digital mobile-payments business and what it takes to succeed. Lessons from a business builder   How providers are meeting patients' basic needs—and where they could do more Providers play an important role in addressing social determinants of health for patients and employees. While most understand this imperative, more coordination is likely needed to scale efforts and impact. Consider action   Author Talks: 25 million … and counting Despite life-threatening circumstances, refugees are some of the most entrepreneurial people in the world. Andrew Leon Hanna knows why. Appreciate resilience   Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Daily Read newsletter. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007