Labor Market 2000: Prospects Good; Worker Shortage Looms | AccountingWEB

Labor Market 2000: Prospects Good; Worker Shortage Looms

The economy looks good, albeit a continuous labor shortage, according to the Economic Policy Foundation's annual report on the state of the economy.

The labor shortage may be as many as 5 million workers short, according to the report, 'Workplace Policy for the New Economy,' unless employment policies change industry-wide. The report is available at no cost.

Do the math: based on the strong economy, the Foundation predicts 18 million new jobs will be created before 2010, and through attrition, 24 million more workers who retire or die will need to be replaced by others. And, of the 5 million workers, 3.5 million will require college-level skills or degrees.

The release of the report coincided with Labor Day 2000.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.