Let’s start this blog with some numbers on U.S. labor. Today …
- … there are 50% more job openings than at any time before the pandemic1
- … there are 755,000 fewer people employed than pre-pandemic1
- … there has been a 3% decline in workers ages 20 to 24 since the pandemic started1
- … the unemployment rate is near a half-century low1
So, what does that mean? An unprecedented U.S. labor shortage.
While every industry is being forced to adjust, how are CNC machine shops specifically handling the challenge? Let’s dig in and find out!