US Faces Labor Shortage as 1.7 Million Exit Workforce; AI and Remote Work Rise to Fill Gap
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The US is experiencing a labor shortage with 1.7 million fewer people in the workforce compared to pre-pandemic levels in Feb 2020. Companies are using AI to enhance recruitment.
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Remote work and freelancing is on the rise, benefitting platforms like Upwork and Fiverr that connect businesses with skilled freelance talent.
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The top 20 states with the most job growth are ranked from Indiana (1.9% growth, 62,400 new jobs) to Wyoming (2.6% growth, 7,500 new jobs).
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Tourism, manufacturing, technology, and energy production are key industries fueling job growth in many of the top states.
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Massachusetts, Washington, and Wyoming lead with over 2.3% year-over-year job growth rate from Oct 2022 to Oct 2023.