The Daily Money: Why there are so few gay and transgender executives in corporate America
Happy Thursday, Daily Money readers. It’s Bailey Schulz here to bring you the day’s top headlines.
Today's the first day of Pride Month, which comes amid a wave of anti-LGBTQ bills making many states less equitable. For the second year in a row, there was an uptick in the number of states that grew more hostile to the LGBTQ+ community, according to a new report shared exclusively with Paste BN.
Meanwhile, a review of leaders at America’s 1,000 largest companies by data firm DiversIQ found just 10 out of thousands of named executive officers identify as part of the LGBTQ+ community.
About 3.3% of Americans similar in age to these CEOs say they are lesbian, gay, bisexual or transgender, according to polling by Gallup. That means those companies would need to add 155 LGBTQ+ executives to achieve parity in the C-suite.
Is there a labor shortage?
Worker shortages are widespread but improving across the U.S. In the South, however, the crunch has been more severe and the gains have been more modest.
In March, there were 2 million more jobs than people to fill them in southern states, according to an analysis of Labor Department data by Moody’s Analytics. The surplus of job openings is down by 13.8% from December but a historically high figure and it underscores the severity of the area's labor shortages.
During that period, the same measure of excess labor demand has fallen by 23% in the Northeast to 482,000, 44.3% in the Midwest to 716,000 and 57.3% in the West to 414,000.
The persistence of the South's worker shortages could be helping keep wage growth and inflation elevated nationally.
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Basketball fans will have a chance to get a free Chipotle burrito while they watch this year's NBA Finals.
During each game this series, Chipotle will drop a text-to-win code via a tweet from @ChipotleTweets on Twitter. The first 300 fans to text the code to 888222 will win a free entree, Chipotle said, and the business will give away up to 10,500 free entrees per game.
The men's professional basketball championship series between the Miami Heat and Denver Nuggets kicks off today.