Preparing for Tomorrow’s Workforce
2 Aug 2022
Phew, the labor market crisis is over! Jobs are growing but the rapid pace of hiring has slowed and people who were reluctant to work due to COVID are returning to the labor force. It sure seems like the labor crisis was a COVID issue, so we can all go back to business as usual. Back to normal.
Not so fast! While the jobs report is better than had been anticipated, there are still signs of stress and volatility in the workforce as well as long term structural challenges. Companies still indicate they cannot get the workers and skills they need; job seekers still cannot get the jobs they want. What is going on?