For the first time since onset of the pandemic, there are fewer job openings in Michigan today than there were in February 2022. Job openings are slowing down in some states, but Alaska, Kentucky, Texas and Nevada have a job opening increase of 75% or more between February 2020 and September 2022. We have a lot of jobs, but not enough workers.Įvery state but Michigan has more job openings today than it had before the pandemic. Download the Data: Labor force by industry.Analysis: Learn the industries impacted the most.Plus, early retirements and less immigration has left the nation in a worker deficit. Where did the workers go? Boosted unemployment benefits, stimulus payments, and child tax credits have padded the finances of some previously employed workers, and they no longer need to work. If every unemployed worker took an open job in their industry, there would still be millions of open jobs. If the percentage of people participating in the labor force was the same as in February 2020, we would have 3 million more people in the workforce today-and this shortage is impacting all industries in every state. However, labor force participation does not match what it was before the pandemic. The latest jobs report from the Bureau of Labor Statistics showed that thousands of people are entering the workforce. Workers that have left the labor force since Feb.
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