Worker Shortage Influencing Business Location Decisions

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Worker Shortage,Business Location,Job Openings

Companies are choosing their business locations based on the availability of workers, as there are more job openings than workers to fill them. CNBC's annual study on America's Top States for Business evaluates each state's workforce as the most important factor in determining rankings.

Workers are in such short supply that there are nearly twice as many open jobs as there are workers to fill them. Companies are deciding where to locate and expand based largely on the availability of workers in a given location. CNBC’s annual America’s Top States for Business study evaluates every state’s workforce. It is the most important category in calculating the 2023 rankings.in the U.S.

than there are people available to fill them, companies are increasingly deciding where to set up shop based on where the workers are. "The states that have continued to win with net inward migration are the ones that companies really are dialed in on," said Tom Stringer, a principal and manager of BDO's site selection and incentive practice.study, which scores all 50 states' business climates, pays special attention to each state's workforc

 

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