LAFAYETTE — With new restaurants arriving nearly every month and manufacturers finding a home in the Greater Lafayette area, there is no shortage of available jobs.
But with new jobs arising every day, employers are struggling to fill their vacancies before new job postings hit the classifieds.
Kelly Blanchard, a continuous term lecturer in Purdue University's Krannert School of Management, said wage growth in Indiana has outpaced inflation leading to increased spending power for consumers.
"Many open jobs are for relatively skilled laborers, whether that’s a trucking license or some kind of certification," Blanchard said. "The more those skills are in demand and they don’t have the people to fill those jobs, then that is eventually going to start raising wages for those positions, which is definitely a good thing. But on the other hand it actually becomes harder in those minimum wage jobs to find people to work them."
Blanchard said even looking around at the advertisements for local fast food restaurants, most open positions are above minimum wage, looking to compete for able bodies seeking work.
Lafayette hiring is on the rise, but who benefits?
On Friday, a report showed the national labor market bounced back in December as employers added 312,000 jobs despite stock market turmoil and increasing worker shortages.
Over 2018, local government in Greater Lafayette saw one of the highest rates of hiring for new positions, according to the Bureau of Labor Statistics, while manufacturing jobs continued to steadily rise as well in the area.