by Roby Brock (roby@talkbusiness.net)
Arkansas State Chamber of Commerce President and CEO Randy Zook has been working to resolve the state’s labor dilemma with all the tools he can muster. With baby boomers retiring and a smaller number of new generation workers moving into the workforce, Arkansas and the nation are facing a daunting challenge to keep employers staffed.
“There are two open jobs right now for every one person who is officially unemployed. So you’ve got that gap, that two-to-one difference there that creates a lot of this gap,” Zook said on this week’s Talk Business & Politics.
While unemployment is at a historic low of 3.2% in Arkansas and while workers continue to come back into the labor market, there is still a demographic gap that can’t keep up. Arkansas’ labor force participation rate is about five percentage points below the national average, Zook said.
