Shrinking Labor Force Spells Trouble for Business Growth
|The most concerning news from the October jobs report was that the labor force shrunk by 201,000.
Why it matters: A smaller labor force makes it difficult for businesses to find the workers they need to grow and compete, especially since job openings grew from August to September (the most recent data available).
Be smart: Scaling up skills-based employment can be a successful strategy for companies to expand talent pools beyond traditional four-year degree holders and can help workers showcase their skillsets.
Learn more: The America Works Initiative helps employers develop and discover the talent needed to fill open jobs.