I’m not sure how one determines whether there are too many people working or too few people working, except by the demand for labor. Around my area I see companies advertising for employees constantly. I knew a couple of young men who never seemed to want to apply for such jobs as were available, but their parents were getting pretty insistent. One of them took a job working for a company doing some work with respect to finding locations for phone towers, something in which he had no experience whatever. Later, he took on some more technical aspects of the job. Later, the company was sold to a large engineering firm, and he was offered a higher paying job in another town, which he accepted. He’s pretty satisfied. The other young man took a job with a national delivery company and worked his way through several types of jobs and now has his own delivery truck route, which pays well and has good benefits. He recently got married. They both seem pretty happy with their lives.
But local employers are still looking for people.