White Paper: A Remedy for the Labor Shortage Blues

“The worker shortage is real—and it’s getting worse by the day.”

The words of U.S. Chamber of Commerce President and CEO, Suzanne Clark, reflect the grim reality of the critical labor shortage. Following more than a year of COVID-19-related disruptions, small- to mid-sized businesses in every industry are struggling to find and hire qualified workers for both entry-level and skilled positions. The numbers are troubling:

  • There were 9.7 million vacant job openings in the United States—a record high—in April 2021. This is double the number of vacant job openings in April 2020.
  • There are approximately half as many available workers for every open job across the country as there have been on average over the past 20 years—and the ratio continues to fall.
  • More than 90% of industry association economists say employers in their sectors are struggling to find qualified workers for open jobs.