Economics Weekly: Where Have All the Workers Gone?

Throughout client meetings over the last few weeks, and in the face of the very tight labor markets, with the level of job openings far above the level of available supply of labor, we have been repeatedly asked, “so, where have all the workers gone?” In this Economics Weekly, we discuss the number of factors that have led to the current labor shortage.

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Richard de Chazal, CFA, is a London-based macroeconomist covering the U.S. economy and financial markets.