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The U.S. Occupations at Greatest Risk of a Labor Shortage
The picture is not part of the article. I threw it in.
The U.S. Occupations at Greatest Risk of a Labor Shortage
The U.S. could run out of occupational therapists, railroad engineers and other workers, potentially leaving the economy in a long-term slump
By Jeffrey Sparshott
Jeffrey.Sparshott@wsj.com
@jeffsparshott
Apr 19, 2016 7:01 am ET
The U.S. is at risk of running out of occupational therapists, railroad engineers, mathematicians, machinists and other workers, potentially leaving the economy in a long-term slump.
“In the next 10 to 15 years, we expect U.S. employers to demand more labor than will be available, which will, in turn, constrain overall economic growth,” the Conference Board said in a report to be released Tuesday.
It may seem premature to talk about a labor shortage while the Great Recession and its 10% unemployment rate are a recent, painful memory. Meanwhile, the share of Americans in the labor force is historically low and wages are barely showing signs of picking up.
But the corporate-research organization believes the U.S. is fast approaching full employment and sees few signs the population of working-age Americans will grow enough to fill the ranks left by retirees and rising demand from employers.
The Conference Board examined and ranked 457 occupations in its analysis. The full set and subindices are available at the group’s website.
The U.S. could run out of occupational therapists, railroad engineers and other workers, potentially leaving the economy in a long-term slump
By Jeffrey Sparshott
Jeffrey.Sparshott@wsj.com
@jeffsparshott
Apr 19, 2016 7:01 am ET
The U.S. is at risk of running out of occupational therapists, railroad engineers, mathematicians, machinists and other workers, potentially leaving the economy in a long-term slump.
“In the next 10 to 15 years, we expect U.S. employers to demand more labor than will be available, which will, in turn, constrain overall economic growth,” the Conference Board said in a report to be released Tuesday.
It may seem premature to talk about a labor shortage while the Great Recession and its 10% unemployment rate are a recent, painful memory. Meanwhile, the share of Americans in the labor force is historically low and wages are barely showing signs of picking up.
But the corporate-research organization believes the U.S. is fast approaching full employment and sees few signs the population of working-age Americans will grow enough to fill the ranks left by retirees and rising demand from employers.
The Conference Board examined and ranked 457 occupations in its analysis. The full set and subindices are available at the group’s website.
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