As the recovery from the COVID-19 pandemic continues, some progress has been made to reduce the number of long-term unemployed workers. According to September 2021 U.S. Bureau of Labor Statistics data, there are 2.7 million long-term unemployed workers in the United States, and almost half of age 55+ job seekers are considered long-term unemployed. At the same time, a record 4.3 million U.S. workers quit their jobs in August and if measured back to April 20 million workers have resigned according to the Labor Department. Meanwhile, the U.S. is facing a severe labor shortage.
Bringing workers and especially the long-term unemployed back into the labor force will require a dedicated effort from governments, employers, and worker support organizations. Filling job openings and increased labor force participation rates are essential to the recovery of the U.S. economy.
Keynote Speaker:
Speakers & Panelists:
Stuart Andreason
Assistant Vice President and Director of the Center for Workforce and Economic Opportunity
The Federal Reserve Bank of Atlanta