Littler’s Workplace Policy Institute released a new report analyzing the key factors contributing to ongoing labor shortages.
By Michael Lotito, Shannon Meade, Michael Chichester, Jake Baker, and Carole Wilder
As headlines in The New York Times and other major news media tout increases in the number of employed non-farm workers, a deeper dive reflects that the labor force participation rate in June was 62.6% for the fourth consecutive month, and the employment-population ratio was 60.3%, unchanged from May. These measures remain below their pre-pandemic February 2020 levels based on data from the U.S. Department of Labor Bureau of Labor Statistics.
As the U.S. Chamber of Commerce reports, U.S. businesses are “facing unprecedented challenges trying to find enough workers to fill open jobs.” As of the end of May 2023, there were 9.8 million job openings in the United States, with .6 unemployed individuals per job opening, according to the U.S. Department of Labor’s Job Openings and Labor Turnover Survey.
What is contributing to this shortage, which areas are most impacted, and what does this bode for the future of work?
Click here to read the full WPI Report.
Information contained in this publication is intended for informational purposes only and does not constitute legal advice or opinion, nor is it a substitute for the professional judgment of an attorney.
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From tradition to transformation Sequoia Brass & Copper has stood for excellence in American manufacturing. In this episode, we sit down with Kim MacFarlane, President of Sequoia Brass & Copper, to hear the inspiring story of a family-owned company founded by her father, built on craftsmanship, trust, and a relentless commitment to quality. Kim shares how she’s guided the company through the challenges of modern industry while honoring its heritage, and how the next chapter will be carried forward by her son Kyle. This is more than a story of brass and copper; it’s about resilience, innovation, and the enduring strength of family legacy. If you’ve ever wondered how tradition can meet the demands of today’s industry hit play and be inspired.
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