The unemployment rate in Maryland is now the lowest in the country at 1.7% in October. Most would think that is good news, but there is a downside to it. Businesses and several industries are struggling to fill vacancies. WBAL-TV looks into how that’s possible.
It’s an ironic twist of fortune that has many people racking their brains for an answer and shaking their heads in disbelief. Flaunt, a successful locally owned hair salon in Hampden, wants to expand but is running into an unexpected problem.
“It’s been hard for me to find qualified stylists to hire,” said the owner of Flaunt Salon, Lindsey Hall. “I kind of go in and out putting out applications, and I don’t hear anything, or I will get just a bunch of people who are not going to fit.”
Flaunt is experiencing the consequences of the state’s low unemployment rate. At 1.7%, the lowest in the country, economists refer to the phenomenon as “skimp-flation” — doing more with less and scaling back to stay afloat.
Click here to read the rest of the article written by David Collins over at WBAL Channel 11
