As the above US Chamber of Commerce chart demonstrates there are a large number of open positions across industries. At the same time, the industry unemployment rates are at 2-3% except for Hospitality which is at 5%.(1) The Workforce Participation Rate peaked in 2000 at 67.3%. In November 2022 it had fallen to 62.1%.
As you can imagine I have been very busy with the issues of employee turnover, chronically open positions and skills gap over the last few months. Everyone wants to talk about it, assess their issues and work on fixing it. During this time, it has been proven again the very first root cause which needs a solution is recruiting sources.