America is still missing 3.5 million workers.
By the numbers:He argued that most of that gap, or around 2 million people, was caused by "excess retirements." In other words, more people called it quits over the past couple of years than normally would have aged out.
Factors for these early enders include health concerns , costs related to finding jobs and increased financial flexibility due to housing and stock market gains., according to Powell, is slower working-age population growth. Specifically, a significant decrease in net immigration and a "surge in deaths during the pandemic."As Powell points out, the Fed's role is to help manage labor demand, not supply.
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