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Lack of workers is not just an American issue. As of January 2022, Britain is also dealing with excess job vacancies compounded by a shortage of legal workers.
Where are Britain's missing million workers?
Posted from bbc.com
Jobs
United Kingdom
Employment
Posted >1 y ago
Responses: 2
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LTC Eugene Chu
..."Latest figures suggest that the vast majority of livelihoods survived the end of the furlough scheme, designed to protect the economy from the ravages of Covid.
Fears of a huge spike in unemployment when the support was withdrawn have failed to materialise.
On the contrary: with vacancies at a record high of 1.2 million, many employers are struggling to cope with a shortage of skilled workers."...
..."Latest figures suggest that the vast majority of livelihoods survived the end of the furlough scheme, designed to protect the economy from the ravages of Covid.
Fears of a huge spike in unemployment when the support was withdrawn have failed to materialise.
On the contrary: with vacancies at a record high of 1.2 million, many employers are struggling to cope with a shortage of skilled workers."...
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Same place as ours. Due to a variety of safety nets, the Labor Participation rate is very low. In the USA, nearly 40% of our working class choose not to participate. Even though over 10 million jobs are available. Also, the reason for the low unemployment rate is a flawed number.
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