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March was a disappointing month for job growth, according to the latest report from the Labor Department. While the unemployment rate ticked down to its lowest level (4.5 percent) in almost a decade, the 98,000 new jobs—down from more than 215,000 monthly in January and February—raises questions of the confidence employers have in our economic state and whether or not new jobs are even necessary.

At a glance, this is how the numbers look:

  • The unemployment rate ticked down to 4.5 percent from 4.7 percent.
  • Average hourly wage grew by 0.2 percent.
  • The participation rate, share of working-age people in the labor force, remained at 63 percent after hitting a five-month high last month.
  • 5.6 million Americans were working part-time for economic reasons, or working part-time but would rather have a full-time position, down by 567,000 over the year.
  • Construction employment changed little in March (up 6,000), following a gain of 59,000 in February.
  • Mining jobs increased by 11,000. Mining employment has risen by 35,000 since reaching a recent low in October 2016.
  • Retail trade lost 30,000 jobs in March, continuing its downward trend since a recent high in October 2016.
  • Employment in financial activities continued to trend up in March—up 9,000 jobs from 7,000 in February—and has increased by 178,000 over the past 12 months.
  • Professional and business services jobs rose by 56,000 with gains in services to buildings and dwellings (+17,000) and in architectural and engineering services (+7,000).
  • Health care jobs increased by 14,000, with gains in hospitals (+9,000) and outpatient care centers (+6,000).
  • Employment in other major industries, including manufacturing, wholesale trade, transportation and warehousing, information, leisure and hospitality, and government, showed little or no change over the month.

The most striking number that indicates where the greatest area of improvement is needed is the underemployment rate, consisting of workers who prefer full-time employment but are working part time because their hours had been cut back or because they were unable to find full-time jobs. Right now, 5.6 million people currently fall in this category.

A major contributor to this problem is what has become to be known as the skills gap, or employability gap, a mismatch between the skills employers need (demand) and the skills workers have (supply).

With 5.6 million jobs currently unfilled, the best way to not only get people employed, but employed in full-time, well-paying jobs, is to address this problem. By focusing on training, education, and apprenticeships we can make a huge dent in the quality of life for people in today’s workforce.

Advancements in technology across multiple fields in our workforce has increased the demand for new skills that will only continue and at a more rapid pace. Employers are facing a big problem as they create new jobs but can’t fill them. So it’s only natural that they will taper off new job creation until they can fill the ones they have currently open.

MORE: Can You Create New Jobs Without Workers to Fill Them?

In a recent visit to the White House, President and CEO of the National Association of Manufacturers Jay Timmons spoke with President Trump about how optimism in the industry is at its highest level in its 20-year history.

Taking the initiative to fill new jobs being created in the wake of advancements in automation, Timmons says manufacturers are working to partner with educators and community leaders on training initiatives. They’re also working with government officials to devise policy solutions.

A solid example of an employer who is addressing this issue directly is Toyota. The auto giant partnered with a community college near one of its plants in Georgetown, KY to develop an unprecedented, two-year Advanced Manufacturing Program that trains students with the skills needed to fill vacant jobs.

The success of this program caught the attention of more than 200 companies from Jack Daniels to 3M who have since replicated the idea.

Also helping to address the skills gap are nonprofits who are giving young adults and older adults the training and education they need for today’s jobs and the jobs of the future.

The Council for Adult and Experiential Learning (CAEL) advocates and innovates on behalf of all adult learners—the 36 million of them without a postsecondary degree or credential, and particularly those with “some college, no degree”—through its partnerships with postsecondary institutions, employers, government, and communities.

MORE: CAEL: Linking Learning and Work to Help Adults Succeed

Girls Who Code is giving girls grades 6-12 access to peers and mentors that help them learn to use computer science to solve problems in their day-to-day lives and make a positive impact on the world.

MORE: Girls Who Code: Nurturing the Next Generation of Engineering Leaders

City Startup Labs is an entrepreneur’s academy aimed at teaching 18- to 34-year-old would-be moguls how to build a business plan, network, and secure funding. At the end of the six-month program, students participate in a pitch competition, and the winners get prize money to put toward their ventures and space in a co-working location.

MORE: Academy Mentors Young, Black Men on Road to Entrepreneurship

Women Working in NonTraditional Employment Roles (WINTER) is an independent nonprofit organization who is working to bridge the wage and employment gap women are dealing with in construction and engineering.

MORE: Women at Work: Organization Helps Bridge the Gap

With unemployment at a level many economists consider “full employment,” the underemployment rate is where our country needs to turn its attention. There are many solutions being implemented across the country and highlighting those on a national level will help bring awareness of opportunities to get good-paying jobs to those who need it.

For more solutions we have highlighted here at WorkingNation, click here. For a list of our partners who are addressing this issue, click here.

Dana Beth Ardi

Executive Committee

Dana Beth Ardi, PhD, Executive Committee, is a thought leader and expert in the fields of executive search, talent management, organizational design, assessment, leadership and coaching. As an innovator in the human capital movement, Ardi creates enhanced value in companies by matching the most sought after talent with the best opportunities. Ardi coaches boards and investors on the art and science of building high caliber management teams. She provides them with the necessary skills to seek out and attract top-level management, to design the ideal organizational architectures and to deploy people against strategy. Ardi unearths the way a business works and the most effective way for people to work in them.

Ardi is an experienced business executive and senior consultant who leverages business organizational transformation through talent strategies. She uses her knowledge and experience to develop talent strategies to enhance revenue and profit contributions. She has a deep expertise in change management and organizational effectiveness and has designed and built high performance cultures. Ardi has significant experience in mergers, acquisitions, divestitures, IPO’s and turnarounds.

Ardi is an expert on the multi-generational workforce. She understands the four intersecting generations of workers coming together in contemporary companies, each with their own mindsets, leadership and communications styles, values and motivations. Ardi is sought after to assist companies manage and thrive by bringing the generations together. Her book, Fall of the Alphas: How Beta Leaders Win Through Connection, Collaboration and Influence, will be published by St. Martin’s Press. The book reflects Ardi’s deep expertise in understanding organizations and our changing society. It focuses on building a winning culture, how companies must grow and evolve, and how talent influences and shapes communities of work. This is what she has coined “Corporate Anthropology.” It is a playbook on how modern companies must meet challenges – culturally, globally, digitally, across genders and generations.

Ardi is currently the Managing Director and Founder of Corporate Anthropology Advisors, LLC, a consulting company that provides human capital advisory and innovative solutions to companies building value through people. Corporate Anthropology works with organizations, their cultures, the way they grow and develop, and the people who are responsible for forming their communities of work.

Prior to her position at Corporate Anthropology Advisors, Ardi served as a Partner/Managing Director at the private equity firms CCMP Capital and JPMorgan Partners. She was a partner at Flatiron Partners, a venture capital firm working with early state companies where she pioneered the human capital role within an investment portfolio.

Ardi holds a BS from the State University of New York at Buffalo as well as a Masters degree and PhD from Boston College. She started her career as professor at the Graduate Center at Fordham University in New York.