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The post-pandemic labor market has been extremely tight with many vacancies left unfilled. Many advanced economies are facing severe demographic headwinds. This means that the worker shortage will dominate the labor market of the future and employers will have to start preparing for this new reality.
The post-pandemic labor market: Hot and tight
The rapid recovery from the Covid-19 economic shock has created tight labor markets in most advanced economies. Generally speaking, the recovery was much faster from the pandemic recession than many forecasters predicted, with employment now exceeding pre-crisis levels in most major economies.
The ratio of
