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Due to an influx of baby boomers, the working-age population increased by 17% in the 1960s…but now that boomers are retiring, will the United States see a long-term labour shortage?

In April, the unemployment rate declined to the lowest its been since 1969, signalling that there are few workers left looking for work. The labour force is only expected to grow 3.6% between 2022 and 2031, which means it could be a job-seekers market for at least the next decade.

In April, hourly earnings jumped 4.4% compared to 2022. Employers may need to offer more perks to keep up with a stagnant workforce size. (Business Insider)

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