Monday, November 07, 2005
The Future of the U.S. Labor Market
According to the U.S. Department of Labor's Bureau of Labor Statistics, by 2010, it is expected that the U.S. will face a shortage of 10,033,000 workers. This is due in large part that 70 million Baby Boomers are expected to retire over the next 15 years and only 40 million workers are expected to enter the workforce in that same period.
I don't have the article available as I was reading this from some magazine at an office, but what the graph indicated was job available is an upward sloping curve and higher than the upward sloping civilian labor. The unemployment curve was downward sloping.
The point of the article was intended towards companies in making sure they develop a strategy in keeping talented employees from staying within the company.
I don't have the article available as I was reading this from some magazine at an office, but what the graph indicated was job available is an upward sloping curve and higher than the upward sloping civilian labor. The unemployment curve was downward sloping.
The point of the article was intended towards companies in making sure they develop a strategy in keeping talented employees from staying within the company.
Disclamier:
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