The Congressional Budget Office forecast in July that the size of the U.S. labor force will grow by a mere 0.2% a year from 2024 to 2031. Employers can't count on a flood of new workers to fill empty jobs.
"We're trying to warn employers that this is not just a passing fad but a new reality," said Bruce Evans with Emsi Burning Glass, a firm that analyzes job listings.
Current Worker shortfall is 6 million.
The labor force is projected to grow by just 6.5 million workers through 2030, according to the Bureau of Labor Statistics (BLS).