US Faces 6 Million Worker Shortage by 2032

6 M

In the coming years, the US will experience a labor shortage, this scarcity will be around 6 million workers by 2032, affecting both public and private sectors. The shortage is largely driven by the retirement of older workers and a misalignment between available labor and workforce needs. To mitigate the impact, employers must act now to reshape and expand their workforce.

75%

As per a recent survey analysis, many companies hire and fire Gen Z graduates, with many citing a lack of motivation, professionalism, and essential skills. The survey also revealed that 75% of employers find recent graduates are unable to meet expectations, leading to widespread firings, while some blame the education system, Gen Z workers must take the initiative to improve their skills and adapt to workforce expectations, as employers are increasingly hesitant to give them another chance.

70%

A report from iCIMS shows that 51% of people are less likely to support a brand after a negative job application experience, emphasizing the importance of employer branding. Job seekers expect quick hiring processes and clear communication, with many using AI tools to aid their applications. Meanwhile, recruiters also leverage AI to streamline workflows, though concerns about candidates using AI in the hiring process remain.

19%

A report by Enboarder found that 19% of employees were dissatisfied with their onboarding experience, with remote and hybrid workers facing the most challenges. Poor onboarding often led to disengagement, regret, and negative perceptions of the workplace, while positive experiences boosted engagement, job satisfaction, and retention. The findings highlight the significant impact of onboarding on employee performance and company culture.

218,000

The number of Americans seeking new claims for state unemployment dropped to 218,000 in the week ending September 21, the U.S. Labor Department reported. The new claims decreased to 4000 from 222,000 the previous week’s revised level. For the week ending September 14, Texas (2,216), New York (1,842), and California (1,108), states saw the largest increases in initial claims, while Massachusetts (1,969), Wisconsin (794), Connecticut (569), states posted the largest decreases.