“In the steadily growing U.S. economy, with tax reform and regulatory relief leading businesses to invest more in both facilities and people, the unemployment rate stands at 3.9 percent, the lowest since 2000.
A record number of business owners say now is a good time to expand, but our workforce needs are going unmet. I see this in Ohio, where employers increasingly tell me that their biggest challenge is finding workers.
One reason workers are scarce is the historically low labor-force participation rate — the number of able-bodied, working-age Americans who are outside the economy, not working or even looking for work. These people are not included in the unemployment numbers. In fact, if the United States were at its pre-recession level of labor force participation, today’s unemployment rate wouldn’t be 3.9 percent — it would be a disappointing 8.6 percent.
Some new data suggest that the most significant factor contributing to this labor-force decline is the opioid epidemic.”
Read more at: https://www.washingtonpost.com/opinions/the-private-sector-has-a-powerful-incentive-to-treat-opioid-addiction/2018/05/14/da65d812-5473-11e8-a551-5b648abe29ef_story.html?utm_term=.6cae7543aa88
Source: WashingtonPost.com – May 14, 2018