As the calendar turns to 2023, a red alert is flashing for employers on workforce - Jacksonville Business Journal

Since the economic recovery of Covid-19 gained steam in spring 2021, we’ve heard about a series of white knights that would reverse the nation’s workforce woes.

Workers will come back when stimulus funds run out. Workers will come back when Covid-19 case counts die down. Baby boomers who retired early will decide to come back. Those supposed saviors have mostly turned out to be paper tigers, and the labor market remains historically tight in the face of mounting economic worries.

Despite recession worries and inflationary headwinds, 44% of all owners reported job openings they could not fill in the current period,As the calendar turns to 2023, it’s time for businesses to face the harsh reality that experts have been warning about for years: A tight labor market is going to be the new normal. A number of indicators, from labor force participation rates to job-opening data, backs up their claims — serving as a workforce warning light of sorts.

"The data so far do not suggest that excess retirements are likely to unwind because of retirees returning to the labor force. Older workers are still retiring at higher rates, and retirees do not appear to be returning to the labor force in sufficient numbers to meaningfully reduce the total number of excess retirees," Powell said.Gen Z is about 3.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

City of Jacksonville approves $3.8M permit for Arlington Winn-Dixie renovations - Jacksonville Business JournalShaycore LLC is the contractor slated to renovate the 43,615-square-foot store.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Photos: See some of Jacksonville, St. Augustine's new holiday cocktails - Jacksonville Business JournalPeruse our winter cocktail gallery for holiday spirits and libations from some of Jacksonville's well-known bars.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Davis family sells Governors Park land in Clay County - Jacksonville Business JournalThe land was previously targeted for development by Jackson-Shaw Co.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Southside apartments sold to Connecticut firm for $29M - Jacksonville Business JournalThe community consists of 168 units split between 18 two-story buildings.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Gen Z's value proposition: One critical key to attracting and retaining young talent - Jacksonville Business JournalGen Z’s approach to careers and work is different than their predecessors. Here are some keys to help employers win.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Furniture was the biggest mover through Jaxport in '22 - Jacksonville Business JournalTop exports included passenger vehicles, primarily to Nigeria and Cameroon.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »