The Demographic Drought
Our 2021 report The Demographic Drought took the world by storm. Featured in nearly every major publication (i.e. Forbes, New York Times, Wall Street Journal), we explored the people shortage that would change our world forever.
One year later, we’re diving into the current state of the U.S. labor force, making predictions for 2022, and suggesting two opportunities for increasing the labor force participation rate.
Explore opportunities for increasing labor force participation
immigration visas stuck in processing
unengaged U.S. workers
job openings
01
This growth is misleading considering we will see more people exiting the labor force than entering it. By 2034, older adults will outnumber children for the first time in history.
02
Our labor force remains below pre-Covid levels, and, as yet, shows a slow willingness to return. We are missing just over 3.2 million workers from the labor force.
Build your plan for engaging the 6 million workers on the sidelines.
Download nowIn a time of change and a desperate need for workers, people can only come from two sources. Will you rely on immigration to solve your problem or will you actively pursue unemployed and unengaged workers?
Ron Hetrick
Ron Hetrick is the Senior Labor Economist and VP of Staffing Product at Emsi Burning Glass. With 30 years experience in labor economics, he is a leading expert in the current state of the U.S. labor market.
Contact [email protected] for press inquiries
Cassondra Martinez
Hannah Grieser
Released April 2021
In the original report we explored how the approaching labor shortages would transform the labor market forever. We approached the conversation by analyzing past, present, and future workforces. From baby boomers to millennials to the 2020 Baby Bust, we tracked the rise and fall of America’s population and labor force participation rate. This report is the foundation of the findings we present in The Demographic Drought: Bridging the Gap in our Labor Force.
