The Bureau of Labor Statistics and the U.S. Chamber of Commerce and the U.S. Census Bureau have all reported the need for trained workers to support the workforce shortage across the county.
In so many essential professions, the percentage of people entering the workforce does not support the labor need in nearly all states.
According to the U.S. Chamber of Commerce, America Works Data, even if every unemployed worker took an open job in their industry, there would still be millions of open jobs.
Each quarter the Employer Engagement Network releases a newsletter highlighting the developments over the last few months in network growth and the top articles around workforce trends and challenges.
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Between ongoing labor shortages and financing challenges, industry leaders will need to do their homework before making critical business decisions around hiring next year. That means getting a bird’s-eye view of our current economic landscape—as well as close-up of its terrain.
There are 1.27 M workers missing from the labor force compared to February 2020.
There are 6.3 Million unemployed workers in the U.S.
There are 9.4 Million jobs open in the U.S.
There were 2.2 million more job openings than unemployed workers in 2023.
There are 72 workers for every 100 open jobs in the U.S.
The national hiring rate is 3.7%