Executive Briefings | April 23, 2022
The Workforce Challenge—Retirements, Wage Rates & Inflation
For any employer, the most recent U.S. unemployment numbers didn't offer any prospect of relief to the tight workforce situation. The overall U.S. unemployment rate dipped to 3.6% in March according to the Bureau of Labor Statistics (see Economy Added 431,000 Jobs In March Despite Worries Over Slowing Growth). This is just one-tenth of a percentage point above its pre-pandemic level and the lowest in over 50 years. And every ethnic and racial group saw its unemployment rate . . .