Labor shortages occur when there are not enough workers available to fill job openings in a particular industry or region. This can happen for various reasons, such as an aging population, changes in job requirements, or shifts in worker preferences. As a result, businesses may struggle to find qualified employees, leading to increased workloads for existing staff and potential delays in services. These shortages can impact the economy by slowing down production and reducing overall growth. Industries like healthcare, hospitality, and construction often experience significant labor shortages, which can affect their ability to meet demand and maintain quality services.