How employers are making it harder to get jobs

People at an employment fair.
(Image credit: John Moore/Getty Images)

There might be a reason you keep getting rejected from that dream job — and it's not because you're underqualified.

A new study from Harvard Business School shows that employers are raising the bar for new hires, asking for better academic qualifications than the person who currently holds the job.

For example, 67 percent of job postings for production supervisors in 2015 required a college degree — but only 16 percent of those who already had the job actually had a degree. That means qualified workers are losing out on jobs and perhaps higher wages, while manufacturers are losing out on those workers at a time when they can't find employees to begin with, the Federal Reserve notes.

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This study comes at a time when there are 6.1 million job openings in America, nearly a record high. It revealed that 6.2 million jobs had hiked up their education requirements.

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