This Year’s Workforce Trends Reported by America Works

This page captures the trends on job openings, labor force participation, quit rates, and more, for a quick understanding of the state of the workforce. Take a look behind the numbers at what is causing the worker shortage and learn which states and industries have been impacted the most.

The U.S. has lost millions of workers.

The latest jobs report from the Bureau of Labor Statistics showed that thousands of people are entering the workforce. This is good. However, labor force participation does not match what it was before the pandemic.

If the percentage of people participating in the labor force was the same as in February 2020, we would have 3.4 million more people in the workforce today—and this shortage is impacting all industries. If every unemployed worker took an open job in their industry, there would still be open jobs.

Where did the workers go? Boosted unemployment benefits, stimulus payments, and child tax credits have padded the finances of some previously employed workers, and they no longer need to work. Plus, early retirements and less immigration has left the nation in a worker deficit.

• Analysis: Learn the industries impacted the most
• Download the Data: Labor force by industry

We have a lot of jobs, but not enough workers.

If every unemployed person in the country found a job, we would still have 5 million open jobs.

How did this happen? At the height of the pandemic, more than 120,000 businesses temporarily closed, and more than 30 million U.S. workers were unemployed. Since then, job openings have continued to climb, while unemployment has slowly declined.

• Analysis:​ Learn the reasons behind the worker shortage
• Download the Data: National job openings and unemployment

Every state is feeling the impact of the worker shortage.

The Chamber’s Worker Shortage Index number indicates the number of available workers for every job opening. Nebraska, with the lowest ratio of 0.29, is suffering the most as workers leave the state to pursue opportunities and education elsewhere, without new workers coming in.

Washington, Connecticut, and Pennsylvania’s all have a Worker Shortage Index above 0.9, meaning they are the closest states to having roughly equal numbers of available workers and job openings. There are no states right now that have a surplus of workers.

The Great Resignation is more like ‘The Great Reshuffle’

The Great Resignation has pulsed through media headlines. However, ‘The Great Reshuffle’ is a more accurate explanation of the changes taking place in the workforce. The rate at which employees have quit their jobs has grown over the past year. But at the same time hiring continues to outpace quits.

• Analysis:​ Learn the reasons behind the worker shortage​
• Download the Data:​ National quit rates and hiring rates

Job openings have increased by 15% or more in every state since February 2020.

Every state has more job openings today than it had before the pandemic. Job openings nearly doubled in Minnesota, Kentucky, and Georgia. Alaska, Wyoming, and Washington, D.C.— all places with smaller populations—had smaller increases, but still jumped an average of 34% from Jan. 2020 to April 2022.

Prior to the pandemic, 11 states had more than 200,000 job openings. That number has grown to 22 states, as of April 2022. Sixteen states had fewer than 50,000 vacant jobs just prior to the pandemic. Now, that number has shrunk to ten.

• Download the Data: Worker shortages by state

The Great Reshuffle has affected some industries more than others

The Great Reshuffle has affected some industries more than others. Workers in traditionally lower paying industries, including leisure and hospitality and retail, have been most likely to quit their jobs. Meanwhile, in more stable, higher paying industries, the number of employees quitting has been lower.

• Analysis: Learn the industries impacted the most
• Download the Data: Labor force by industry

Story by the U.S. Chamber of Commerce