Labor Shortages Easing in Retail and Food, But Persist in Healthcare and Other Fields As Employers Struggle to Find Skilled Workers
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Worker shortages have eased in retail and food services as the pandemic wanes, but persist in healthcare, education, finance, and government.
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Tight labor markets lead to stronger wage growth as employers compete for workers. Loose markets have abundant workers and slower wage growth.
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Manufacturing and transportation shortages have moderated slightly but both fields struggle to find skilled workers.
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Construction shortages look moderate historically but the industry struggles to replace retiring boomers with younger skilled workers.
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Moonlighting is rising as workers take on multiple jobs, signaling that a single job is often insufficient.