The U.S. economy is facing the worst labor shortage in close to a century, according to new research, raising the prospect of prolonged higher-than-usual inflation.
In an analyst note to clients, Goldman Sachs economists, led by Jan Hatzius, estimated that there is a shortage of 4.6 million workers in the U.S. – the most since the World War II period. That number takes into account the total number of available jobs, of which there is a near-record, and the size of the labor force. READ MORE