Understanding America’s Labor Shortage: The Most Impacted Industries
Updated: Aug 1, 2022
July 15, 2022 | uschamber.com
The pandemic caused a major disruption in America’s labor force—something many have referred to as The Great Resignation. In 2021, more than 47 million workers quit their jobs, many of whom were in search of an improved work-life balance and flexibility, increased compensation, and a strong company culture.
But a closer look at what has happened to the labor force can be better described as ‘The Great Reshuffle’ because hiring rates have outpaced quit rates since November of 2020. So, many workers are quitting their jobs—but many are getting re-hired elsewhere.
NJ SEED: An informative analysis of the nation’s workforce shortage. Well worth the read.