May job creation numbers were once again below expectations, clocking in at 559,000 positions. And with an estimated 8 million job openings across the US and 9.3 million unemployed workers, "a hiring disconnect continues to plague the employment market," said John Chang, senior vice president and director of research services at Marcus & Millichap.  

Many business operators are struggling to fill open positions, forcing many to open at reduced capacity—and this, in turn, will slow the broader economic recovery, according to Chang. 

The employment gap can be partially explained by the expanded federal unemployment benefits program, which was recently extended through September 6. That program includes $300 in federal benefits per week on top of any state benefits to which the recipient may be entitled. That may not sound like much, Chang notes, but for many it's more than sufficient—particularly in cases of families with children, where being at home instead of working means reduced childcare costs.