Four Strategic Steps Economic Development Organizations Can Take to Bolster Workforce Development
28 Nov 2022
News
Employers across the U.S. have been facing extreme workforce challenges.
According to the U.S. Bureau of Labor Statistics, total non-farm employment continued to grow, adding 261,000 jobs in October. This ongoing imbalance between labor demand and supply means that there are 10.7 million jobs still available, but only 5.7 million people are unemployed. Those numbers boil down to almost 1.9 unfilled positions for every job seeker.
As the labor market continues to grow and show signs of strength, this imbalance isn’t going to self-correct any time soon. For more in-depth insight, you can read our recent article, “Understanding Labor Force Participation Rates & Why People Drop Out of the Workforce.”
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Beth Bilyeu serving Forest City for 20 years
Nov 16 2022Beth Bilyeu has worked as the executive director for Forest City Economic Development for 20 years and has assisted in dozens of projects.
Tell me about your job and what you specifically do for Forest City Economic Development.
Bilyeu: I handle economic development for Forest City; that includes...