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NEW report. June 1. "U.S. Chamber of Commerce: America Works Report: Quantifying the Nation's Workforce Crisis"


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The America Works Report: Quantifying the Nation's Workforce Crisis

Full report: https://www.uschamber.com/report/the-america-works-report-quantifying-the-nations-workforce-crisis?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top

Key findings, directly from the above report...

Executive Summary and Key Findings

The most critical and widespread challenge facing businesses right now is the inability to hire the qualified workers they need. When businesses do not have enough employees, they are forced to turn down jobs, reduce hours, scale down their operations, and in the worst cases, permanently close. The latest data and surveys reveal a national economic crisis that is getting steadily worse.

  • There were 8.1 million vacant job openings in the United States—a record high—in March 2021, the latest month for which data is available. That’s up more than 600,000 from February.
  • There are approximately half as many available workers for every open job (1.4 available workers/opening) across the country as there have been on average over the past 20 years (2.8 historical average)—and the ratio continues to fall.
  • In several states and several industries, including hard-hit sectors like education and health services as well as professional and business services, there are currently fewer available workers than the total number of jobs open.
  • More than 90 percent of state and local chambers of commerce say worker shortages are holding back their economies, and more than 90 percent of industry association economists say employers in their sectors are struggling to find qualified workers for open jobs.

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