Unprecedented labor shortages continue to weigh down the U.S. economy, resulting in higher food prices, cancelled flights, delayed deliveries, reduced public safety, and overcrowded emergency rooms. This Backgrounder examines the current U.S. labor market by diving deeper into the employment trends among different groups of workers with data through May 2022.
Education plays a critical role in developing workers’ knowledge, skills, and talents as well as in matching these with new and emerging technologies. As a key factor in determining what and how much workers produce and earn, education is a fundamental component of economic growth and of personal well-being. Poor government policies have created an inefficient and monopolistic higher education system with sky-high tuition costs and a growing skills gap, and recent policies enacted in the name of containing the COVID-19 pandemic have created an unprecedented labor shortage.
As I travel to communities and listen to Vermonters describe their greatest challenges, I hear about the same pressing issue: our workforce crisis. Our workforce shortage shapes every facet of daily life in Vermont, from Brattleboro to Barre to St..
New Hampshire has consistently been a great state to open a business and to raise a family, but as any parent of young children knows, the difficulty of accessing affordable and reliable childcare is threatening the precarious balance of industry and.