A few years ago, I posted about how the labor market was going to change and
predicted upcoming labor shortages.

Unless you have been off the planet recently, or you are getting your news
strictly from the antique media, you probably know the unemployment rate in
the US stands at 4.7% and that jobs have been created at a ferocious rate.

Last week, there was a story in USA Today talking about how this year was
the best year for college recruitment by employers in a very long time.

Today, I found this report in the Palm Beach Post about employers who cannot
find people to fill jobs.
http://www.palmbeachpost.com/business/content/business/epaper/2006/05/20/m1a
_jobless_0520.html

I told you in my original post that there would be labor shortages starting
in 2005-2006.  We are there now.  I will further go out on the limb and
predict that the labor shortage will probably be more acute than previously
predicted and will probably impact the economy, which has been doing
extremely well over the last few years.

This is not to say that all is rosy for everyone, but on a national scale
the predictions are bearing out; demographics tell the tale.

Denys

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