Worsening Labor Shortage Demands More Immigrants
The exceptionally low unemployment rate is good news for American workers. But it contributes to a growing problem: Companies can't find enough employees. This puts downward pressure on corporate and U.S. economic growth.
Recent government statistics indicate that nearly 7 million non-farm jobs were unfilled. This includes 278,000 in construction and 493,000 in manufacturing. But it gets worse. The worker shortage in manufacturing is projected to reach 2.4 million by 2028, according to a study by The Manufacturing Institute and Deloitte.