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You may have heard it is currently an “employees’ market” in terms of hiring, and that is absolutely an understatement, with media calling the time period in which we live, “The Great Resignation.” With an unemployment rate of 3.6% for March 2022, we have lower unemployment than we did pre-pandemic when it was at 4.4% in March of 2020. This nationwide workforce shortage has become top of mind in terms of both business concerns and economic development strategies.
“It’s all really supply and demand,” said Dennis Donovan, Founder of Wadley Donovan Gutshall Consulting, corporate site selection consultants. “You’ve got baby boomers leaving the workforce, limited immigration, and heavy competitive demand.”
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