Marko Grecs @emge2116: "🔷 𝙐𝙎 𝙇𝘼𝘽𝙊𝙍 𝙎𝙃𝙊𝙍𝙏𝘼𝙂𝙀 (𝙋𝙖𝙧𝙩..."

Slovenia

🔷 𝙐𝙎 𝙇𝘼𝘽𝙊𝙍 𝙎𝙃𝙊𝙍𝙏𝘼𝙂𝙀 (𝙋𝙖𝙧𝙩 𝟯: 𝙈𝙊𝙎𝙏 𝘼𝙁𝙁𝙀𝘾𝙏𝙀𝘿 𝙄𝙉𝘿𝙐𝙎𝙏𝙍𝙄𝙀𝙎) 🔷 American businesses are creating hundreds of thousands of jobs each month, and unemployment is near historic lows. Yet many positions remain unfilled. The country simply doesn’t have enough people willing to work to meet demand. But not all industries are affected equally — let’s look at the ones hit hardest by the labor shortage. Part 1: www.etoro.com/posts/ba0c7730-3a4c-11f0-8080-80000667e1da Part 2: www.etoro.com/posts/032425f0-415d-11f0-8080-80015b56964b Industries with fully in-person, lower-wage jobs have the hardest time retaining workers. 𝙇𝙚𝙞𝙨𝙪𝙧𝙚 𝙖𝙣𝙙 𝙝𝙤𝙨𝙥𝙞𝙩𝙖𝙡𝙞𝙩𝙮 saw the highest quit rates of all industries during the pandemic, while more stable, higher-paying sectors like finance and IT fared better. In January 2024, 781,000 workers quit leisure and hospitality, but 1.05 million were hired. Since November 2020, it has had the highest hiring rate of any industry — largely due to the massive employment gap created by the pandemic. Leisure and hospitality still have the highest unemployment rate across industries, but that doesn’t mean it isn’t facing a labor shortage. There are conditions that can cause unemployment and labor shortages to exist at the same time in an industry. For example, there may be a mismatch between job conditions and worker expectations, or workers may be in different locations or trained for other roles. Even when jobs are available, many qualified workers aren’t willing to take them under the current wages, working conditions, schedules, or benefits. Labor shortages are affecting both high- and low-skill industries. While 𝙚𝙙𝙪𝙘𝙖𝙩𝙞𝙤𝙣, 𝙝𝙚𝙖𝙡𝙩𝙝 𝙨𝙚𝙧𝙫𝙞𝙘𝙚𝙨, 𝙣𝙪𝙧𝙨𝙞𝙣𝙜, 𝙖𝙘𝙘𝙤𝙢𝙢𝙤𝙙𝙖𝙩𝙞𝙤𝙣, 𝙖𝙣𝙙 𝙥𝙧𝙤𝙛𝙚𝙨𝙨𝙞𝙤𝙣𝙖𝙡 𝙛𝙞𝙚𝙡𝙙𝙨 (such as legal and scientific research) show high job openings, there’s also a persistent shortage of workers for low-paying, low-productivity jobs such as 𝙘𝙡𝙚𝙖𝙣𝙚𝙧𝙨, 𝙡𝙖𝙣𝙙𝙨𝙘𝙖𝙥𝙞𝙣𝙜 𝙬𝙤𝙧𝙠𝙚𝙧𝙨, 𝙬𝙖𝙨𝙩𝙚 𝙙𝙞𝙨𝙥𝙤𝙨𝙖𝙡 𝙬𝙤𝙧𝙠𝙚𝙧𝙨, 𝙖𝙣𝙙 𝙛𝙤𝙤𝙙 𝙨𝙚𝙧𝙫𝙞𝙘𝙚𝙨 – especially among smaller, less productive businesses. Sectors like 𝙖𝙜𝙧𝙞𝙘𝙪𝙡𝙩𝙪𝙧𝙚, 𝙧𝙚𝙨𝙩𝙖𝙪𝙧𝙖𝙣𝙩𝙨, 𝙖𝙣𝙙 𝙘𝙤𝙣𝙨𝙩𝙧𝙪𝙘𝙩𝙞𝙤𝙣 have been hit particularly hard by stricter immigration policies. 𝙏𝙝𝙚 𝙢𝙖𝙣𝙪𝙛𝙖𝙘𝙩𝙪𝙧𝙞𝙣𝙜 𝙨𝙚𝙘𝙩𝙤𝙧 also faces a huge labor deficit. For two decades, much of U.S. manufacturing was offshored, as many imagined Americans would all become doctors, accountants, or lawyers. Now, with Trump’s push to bring manufacturing back and reduce immigration — while many Americans remain unwilling to take these jobs — there’s no one to fill the vacancies. 𝙏𝙝𝙚 𝙘𝙤𝙣𝙨𝙩𝙧𝙪𝙘𝙩𝙞𝙤𝙣 𝙞𝙣𝙙𝙪𝙨𝙩𝙧𝙮 lost nearly a million jobs in April 2020 alone, and many of those workers never returned. In 2024, 19,000 fewer single-family homes were built due to a lack of skilled labor. The industry is highly labor-intensive, and although job openings have declined lately, shortages persist. The construction industry relies heavily on immigrant labor, with an estimated 700,000 to 1 million workers lacking legal status. By 2021, 23% of construction laborers were undocumented. Contractors depend on this workforce to meet demand, but restrictive immigration policies, crackdowns on undocumented immigrants, and mass deportations have worsened the labor shortage. The result: construction delays, rising costs, and fewer projects. Removing 1 million undocumented workers would devastate the industry. 𝙒𝙃𝘼𝙏 𝙏𝙊 𝙀𝙓𝙋𝙀𝘾𝙏 𝙄𝙉 𝙏𝙃𝙀 𝙁𝙐𝙏𝙐𝙍𝙀? 𝘼𝙘𝙘𝙤𝙢𝙢𝙤𝙙𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙁𝙤𝙤𝙙 𝙎𝙚𝙧𝙫𝙞𝙘𝙚𝙨 will likely continue to see high job openings, but the risk of persistent shortages is lower thanks to an average younger workforce and low entry barriers. 𝙃𝙚𝙖𝙡𝙩𝙝 𝘾𝙖𝙧𝙚 𝙖𝙣𝙙 𝙎𝙤𝙘𝙞𝙖𝙡 𝘼𝙨𝙨𝙞𝙨𝙩𝙖𝙣𝙘𝙚 face the greatest risk of not finding enough workers. The hardest roles to fill will be nurse practitioners, registered nurses, medical and health service managers, and personal care aides. 𝙈𝙖𝙣𝙪𝙛𝙖𝙘𝙩𝙪𝙧𝙞𝙣𝙜 is projected to have around 2 million unfilled jobs over the next decade, with potential annual losses of $1 trillion if the gap remains. Key factors include an aging workforce, skills gaps, and perception issues. Labor shortages will also likely persist in 𝘾𝙤𝙣𝙨𝙩𝙧𝙪𝙘𝙩𝙞𝙤𝙣, 𝙏𝙧𝙖𝙣𝙨𝙥𝙤𝙧𝙩𝙖𝙩𝙞𝙤𝙣, 𝙖𝙣𝙙 𝙒𝙖𝙧𝙚𝙝𝙤𝙪𝙨𝙞𝙣𝙜 due to an aging workforce and lack of new entrants. 𝙇𝙚𝙜𝙖𝙡 𝙖𝙣𝙙 𝙁𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙈𝙖𝙣𝙖𝙜𝙚𝙢𝙚𝙣𝙩 may also struggle to find skilled workers as retirements rise and Baby Boomers drive greater demand for these services. $SPX500 $NSDQ100 $GOLD $BTC $USDOLLAR

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