How Data-Driven Tech Can Help Higher Ed Elevate Top Skills Amid Job Market Turmoil

As the American economy begins to recover after the pandemic, some trends are imperiling its long-term growth. In particular, the latest U.S. jobs reports showed only 266,000 new nonfarm payroll additions in April versus the expected 1 million, and only a modest improvement of 559,000 new people added to payrolls in May.

At the same time, the U.S. economy has been experiencing a talent shortage, as 69% of U.S. employers are struggling to find skilled workers. Organizational consulting firm Korn Ferry projects that by 2030 there could be a labor shortage of 85 million workers globally — including a gap of 6 million in the U.S. alone.