Recent media reports of teacher shortages across the country are confirmed by the analysis of several national data sets reported in this paper. Shortages are particularly severe in special education, mathematics, science, and bilingual/English learner education, and in locations with lower wages and poorer working conditions. Shortages are projected to grow based on declines in teacher education enrollments, coupled with student enrollment growth, efforts to reduce pupil-teacher ratios, and ongoing high attrition rates. If attrition were reduced by half to rates comparable to those in high-achieving nations, shortages would largely disappear. We describe evidence-based policies that could create competitive, equitable compensation packages for teachers; enhance the supply of qualified teachers for high-need fields and locations; improve retention, especially in hard-to-staff schools; and develop a national teacher supply market.