Economics
Labor Shortages: Myth and Reality
With higher pay, there are plenty of U.S. workers to fill jobs, some economists say
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How tight is the U.S. labor market? At 4.6% of the workforce, the official unemployment rate is certainly low by historical standards. In industries from agriculture to construction, to health care and high tech, employers complain that there aren't enough workers to fill positions (see BusinessWeek.com, 4/9/07, "Where Are All the Workers?").