Where Have All The Workers Gone?
Updated: Mar 13
Benefiting From 'The Great Resignation'
Post pandemic employers are scrambling to find workers. No matter what industry you find yourself in, there seems to be a shortage of traditional workers. Leaving a plethora of employers asking themselves, where have all the workers gone?
To answer this question, let’s look at the numbers. Today, there are 3.4 million fewer Americans working today compared to February 2020.
We found that there isn’t just one reason why there’s been a decrease in workforce participation by over 62%. The U.S. Chamber polled unemployed workers that lost their jobs during the pandemic and this is what they found out. Nearly one in three (33%) women indicated that the need to be home and care for children or other family members has made the return to work difficult or impossible. More than a quarter (28%) of men indicated that their industry was still suffering and not enough good jobs were not available to return to work.
We can also contribute retirements to the growing decrease. As of October 2021, the pandemic drove more than 3 million adults into early retirement. In all, the number of adults 55 and older being detached from the labor force due to retirement grew from 48.1% in Q3 of 2019 to 50.3% in Q3 2021.
Meanwhile, there has also been a reshuffle among workers. ‘The Great Resignation’ has worked its way into our vocabulary as the shift of our labor force has started to become apparent as today’s workers are in search of more free time and better opportunities.
So what does all this mean for today’s job seeker?
It all boils down to this: You have options. Take control of your own destiny by doing your research, partner with a firm that is willing to go the extra mile on your behalf. Don’t just hunt for a “job” let our team help you create a way of life.
People and ideas drive and innovate everything in our lives but unfortunately, too many individuals do not have access to the resources they need to move them forward in their careers. We are the resource for those individuals. We want to get to know people on a personal level to not only advance them in their careers, but help them create a way of living that they are proud of. Call on the team at B3 Resource Solutions to help you in your search today!