A lack of hard skills and high demand have contributed to talent shortages, particularly in the tech space, since well before the pandemic. The pandemic only exacerbated that shortage; in October 2021, the tech unemployment rate was at 2.1%, according to CompTIA, which was less than half of the overall national unemployment rate at the time. One-third of new technology jobs were for emerging tech roles, as well.
But employees are also worried about their skills, especially in light of a changing economy, according to a Monster analysis published in August 2021.
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