ZipRecruiter recently released an analysis about current dynamics of labor supply and demand in the economy. The conclusion was that for the first time, the U.S. economy had exhausted its supply of workers.
“2022 was the first year on record where the demand of labor fully caught up to the supply,” said Julia Pollak, chief economist at ZipRecruiter.
She said that before the pandemic, on average, there were 2.4 unemployed workers for every job opening. That has moved to about 0.5 unemployed...