Stephanie Ferguson Director, Global Employment Policy & Special Initiatives, U.S. Chamber of Commerce Human-Centered AI: Experts Weigh In on the Future of Healthcare and the Workforce A national crisis by the numbers Right now, there are too many jobs without people to fill them. As a result, businesses can’t grow, compete, and thrive. The U.S. Chamber and Chamber Foundation’s America Works initiative is mobilizing business and government to swiftly address the crisis. This page captures the trends on job openings, labor force participation, quit rates, and more, for a quick understanding of the state of the workforce. Take a look behind the numbers at what is causing the worker shortage and learn which states and industries have been impacted the most. The U.S. has lost millions of workers. 62.8% labor force participation rate 1.27M workers are missing from the labor force compared to Feb. 2020 The latest jobs report from the Bureau of Labor Statistics showed that thousands of people are entering the workforce. This is good. However, labor force participation does not match what it was before the pandemic. If the percentage of people participating in the labor force was the same as in February 2020, we would have 1.27 million more people in the workforce today—and this shortage is impacting all industries in nearly every state. If every unemployed worker took an open job in their industry, there would still be millions of open jobs. Where did the workers go? During the COVID-19 pandemic, early retirements and less immigration has left the nation in a worker deficit. Plus, boosted unemployment benefits, stimulus payments, and child tax credits during offered during the pandemic padded the finances of some previously employed workers, and they no longer need to work, or in some cases people have adjusted to a single-income […]
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