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Preparing for a Future Labor Shortage

 
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jabailo



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Location: Kent (East Hill), WA

PostPosted: Wed Feb 24, 2010 10:27 am    Post subject: Preparing for a Future Labor Shortage Reply with quote

Preparing for a Future Labor Shortage

http://gbr.pepperdine.edu/042/laborshortage.html

Quote:
According to the Employment Policy Foundation (EPF), a systemic labor shortage is expected to transform the workplace over the next 25 to 30 years as the gap between baby boomers and entrants of college-educated workers widens due to the boomers’ mass retirements. If the U.S. economy continues to grow at three percent per year—the economy’s consistent average since 1948—the workforce will have to increase by 58 million employees over the next three decades if the same rate of productivity is maintained. Yet, if the current population trend continues, the number of workers will only increase by 23 million. This trend would create an overall U.S. labor shortage of 35 million workers.[1] Most of these projected shortages are expected to involve workers having specific skills.
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jabailo



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PostPosted: Wed Feb 24, 2010 10:38 am    Post subject: Reply with quote

http://ecmweb.com/mag/electric_wanted_skilled_labor/

Wanted: Skilled Labor


Quote:
According to the latest numbers from the U.S. Bureau of Labor Statistics, Americans are hard at work. At last count, the total U.S. unemployment rate stood at the low seasonally adjusted rate of 4.5%, unchanged from November and down from 4.9% at this time in 2005. Throughout 2006, the U.S. economy fostered job growth, although the numbers fell just slightly below the long-term monthly average of 130,000 new jobs per month, or 1.6 million new jobs per year, experienced since 1989.
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jabailo



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PostPosted: Wed Feb 24, 2010 10:39 am    Post subject: Reply with quote

Manufacturers facing labor shortage

http://www.chinadaily.com.cn/bizchina/2010-02/24/content_9496222.htm

Quote:
GUANGZHOU: Business at Wang Jianxue's shoe company is bouncing back, but the company has had to give up some "small" orders after the Spring Festival.

"A shortage of workers has forced us to. We are looking for more workers as orders have been increasing since the second half of last year," said Wang, assistant general manager of Huajian Group, a Dongguan-based shoe manufacturer.

"A large number of companies like us in Guangdong are facing a shortage of workers," Wang said.
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jabailo



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PostPosted: Tue Mar 02, 2010 5:33 am    Post subject: Reply with quote

Nuclear Power Industry Faces Critical Labor Shortage

http://www.dailyfinance.com/story/nuclear-power-industry-faces-critical-labor-shortage/19374206/

Quote:
In the decades following Three Mile Island -- the worst nuclear accident in U.S. history -- the nuclear power industry became a pariah and plants went begging for workers. But now, as the industry receives unprecedented levels of government support, it's facing an all-out talent drought.
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jabailo



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PostPosted: Tue Mar 02, 2010 5:34 am    Post subject: Reply with quote

Defying Global Slump, China Has Labor Shortage

http://www.nytimes.com/2010/02/27/business/global/27yuan.html

Quote:
Just a year after laying off millions of factory workers, China is facing an increasingly acute labor shortage.

As American workers struggle with near double-digit unemployment, unskilled factory workers here in China’s industrial heartland are being offered signing bonuses.

Factory wages have risen as much as 20 percent in recent months.
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jabailo



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PostPosted: Tue Mar 02, 2010 5:36 am    Post subject: Reply with quote

http://www.businessweek.com/news/2010-02-07/labor-shortage-may-increase-australian-lng-costs-fitch-says.html

Labor Shortage May Increase Australian LNG Costs, Fitch Says

Quote:
Feb. 8 (Bloomberg) -- An emerging skills shortage may increase costs and cause delays for companies developing liquefied natural gas projects in Australia, Fitch Ratings said.

Ventures in Western Australia proposed by oil and gas producers including Chevron Corp. and Woodside Petroleum Ltd. and companies in Queensland planning to convert gas extracted from coal seams into LNG may need 60,000 workers at the peak of construction, Fitch said.
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jabailo



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PostPosted: Tue Mar 02, 2010 5:38 am    Post subject: Reply with quote


Workforce shortage seen for Canada


http://www.upi.com/Business_News/2010/02/05/Workforce-shortage-seen-for-Canada/UPI-88971265395532/

Quote:
Canada is facing a workforce shortage once baby boomers recover financially from the recession, the Conference Board of Canada forecast Friday.

The independent, not-for-profit research organization said in a report the recession that began in October 2008 only delayed the anticipated labor shortage and urged businesses to plan for it.
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jabailo



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PostPosted: Tue Mar 23, 2010 4:45 pm    Post subject: Reply with quote

Worker shortage coming as population ages: report

http://www.marketwatch.com/story/worker-shortage-coming-as-population-ages-report-2010-03-22

A worker shortage could develop within 10 years as baby boomers reach traditional retirement age and there are too few replacement workers, according to the report published Monday by the MetLife Foundation and San Francisco-based Civic Ventures, a think tank focusing on baby boomers, work and social purpose.
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jabailo



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PostPosted: Thu Jan 27, 2011 12:32 am    Post subject: Reply with quote

Muslim birth rate falls, population to grow more slowly

Quote:
Falling birth rates will slow the world's Muslim population growth over the next two decades, reducing it on average from 2.2 percent a year in 1990-2010 to 1.5 percent a year from now until 2030, a new study says.


http://www.reuters.com/article/idUSTRE70Q12D20110127
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jabailo



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PostPosted: Mon Aug 08, 2011 11:33 am    Post subject: Reply with quote

Employers Ready to Hire in U.S. Can’t Find Qualified Workers Among Jobless

Quote:
“It’s a very much across-the-board phenomena,” said Jeffrey Joerres, president and chief executive officer of Milwaukee-based ManpowerGroup, the world’s second-largest provider of temporary workers behind Glattbrugg, Switzerland- based Adecco SA. (ADEN) “Companies are all feeling the pressure of not finding the level of talent their businesses require,” from “entry-level service positions” to “high-end engineers.”


http://www.bloomberg.com/news/2011-08-07/employers-ready-to-hire-in-u-s-can-t-find-qualified-workers-among-jobless.html
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jabailo



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PostPosted: Tue Aug 09, 2011 6:08 am    Post subject: Reply with quote

Second-quarter U.S. productivity falls 0.3%
Employees work more hours to push labor costs higher, data show


Quote:
The unit cost of labor, meanwhile, rose by a 2.2% annual rate on top of a 4.8% increase in the first quarter. Unit-labor costs had been forecast to climb 2.6%.

Unit-labor costs reflect how much it costs a business to produce one unit of output, such as a ton of steel. Over the past 12 months, unit-labor costs are 1.3% higher.


http://www.marketwatch.com/story/second-quarter-us-productivity-falls-03-2011-08-09-856360
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jabailo



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PostPosted: Thu Sep 01, 2011 7:26 am    Post subject: Reply with quote

Worker output fell, labor costs rose in spring

Quote:
A slowdown in productivity growth is bad for the economy if it persists for a long period. But it can be good in the short term when unemployment is high, if it means companies are reaching the limits on how much extra output they can get from their existing work forces. It can signal that companies need to increase hiring.


http://www.google.com/hostednews/ap/article/ALeqM5gvL1UT9gwUhnjCV9b9p6fNrALREA?docId=a01520f0af424e2f9315b4f9dd6fd4f6
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jabailo



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PostPosted: Wed Mar 07, 2012 7:58 am    Post subject: Reply with quote

Productivity in U.S. Cools as Labor Costs Jump

Quote:
The productivity of U.S. workers rose at a slower pace in the fourth quarter and labor costs jumped, indicating businesses are reaching the limit of wringing efficiency from their workforce.

The measure of employee output per hour climbed at a 0.9 percent annual rate, after a 1.8 percent gain in the prior three months, revised figures from the Labor Department showed today in Washington. Expenses per worker climbed at a 2.8 percent rate, more than twice as much as previously estimated.


http://www.bloomberg.com/news/2012-03-07/worker-productivity-in-u-s-rises-at-slower-pace-pushing-up-labor-costs.html
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