The U.S. labor shortage is reaching a critical point...
Submitted by Kathy_Tracey on July 5, 2018 - 7:14pm
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I invite you to read the article: The U.S. Labor Shortage Is Reaching a Critical Point. From the article, "The Bureau of Labor Statistics reported that April closed with 6.7 million job openings. May ended with just over 6 million people the BLS classifies as unemployed, continuing a trend this year that has seen openings eclipse the labor pool for the first time. At some point that gap will have to close. Economists expect that employers are going to have to start doing more to entice workers, likely through pay raises, training and other incentives."
How do we see this need for employment impact learners? As students have employment, are you seeing declines in enrollment? Or, are you seeing the opposite - where students are seeking skills so they can obtain a job?
If there are 6.7 million job openings and 6 million people unemployed - is it the lack of academic skills? Lack of access to jobs? (Jobs available which would require a commute or move to another community?)
What does this data say to you and how do you create programming to match this need?
I'd love to hear your thoughts.