The U.S. labor force is changing dramatically. While previous generations had a predictable path to prosperity, the course isn’t as clear for the rising generation. Factors like an aging workforce, a lack of affordable childcare, and other challenges have removed many Americans from the workforce. As a result, the talent shortage is widening: There are currently 8.2 million job openings in the United States but only 7.2 million unemployed workers, and there are just 93 workers for every 100 job openings.
This report from YouScience provides a comprehensive look at the growing challenges businesses face in talent acquisition and workforce development. By examining responses from 500 HR professionals and business leaders across key industries, the report underscores the need for early engagement and new strategies to bridge the disconnect between education and industry.