It’s that time of year when businesses open their doors to young workers who are on school breaks, who are looking to dip their toes in the workforce to gain some skills and experience. Summer internships are equally beneficial to employers who need help in a tight labor market.
Although the number of Americans participating in the workforce today exceeds pre-pandemic levels, the overall labor force participation rate has declined. According to the U.S. Chamber of Commerce, if the labor force participation rate were the same as in February 2020, there would be more than two million additional Americans in the workforce, helping to fill those open jobs.
To dig deeper, visit the original article on the Thomson Reuters blog.