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From Home Furnishing Business
Fast Fact: Worker Shortage Grows as More Men Exit Labor Force
October 8,
2018 by Laurie Northington in Business Strategy, Industry
Paired with many U.S. companies having a difficult time finding qualified employees and a growing worker shortage, the desire for a job is falling as those not in the labor force keeps climbing.
Data from the Bureau of Labor Statistics shows that of the 37 percent of the civilian population over age 16 that are not in the labor force, only 5.4 percent actually want a job, but are not actively looking for one.
The number of men not in the labor force as a percent of the total labor force has slowly increased over the last decade and beyond. In 2006, only 37.9 percent of those not in the labor force were men. Since then, the number has grown yearly – up to 40.3 percent in February (2018). Conversely, the number of Women as a percent of those not in the labor force is declining. They represent 59.7 percent of those not in the labor force, down from 62.1 percent in 2006.
For a further look at the numbers, click here.