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© 2022 Lighthouse Research & Advisory.
3 Key Learning Trends for 2023:
What Employers Need to Know
A Shortage of Talent Opens the Door
for Talent Development
Between July of 2021 and July of 2022, the world's hiring demand took off to
unexpected and unprecedented levels. While the hiring boom has cooled, there's
s ll incredible demand compared to historical levels. In the chart below, you
can see the number of job openings compared to the number of unemployed
individuals in the workforce.
Figure 1:Unemployment and Job Opening Data as of Q3 2022
Source: BLS.gov
In simple economic terms, this is a shortage. There are a number of buyers (employers)
and a number of sellers (workers). The number of buyers outnumbers the number of
sellers, crea ng a shortage that drives up wages and other benefits, creates a highly
compe ve market, and frustrates employers as behaviors like ghos ng and no-shows
become more common for all types of roles and levels.
