ABSTRACT

Labor Market Tightness and the Economic Recovery, Part 1 [October 5, 2021]   [open pdf - 960KB]

From the Document: "Recently, many businesses have reportedly complained of challenges posed by labor market 'tightness'-- workforce shortages and difficulties in hiring to reduce them. This is generally considered unusual when employment is still low by historical standards--one of the many unusual economic phenomena that have occurred during the Coronavirus Disease 2019 (COVID-19) pandemic. If long-lasting, these shortages could hold back the economic recovery and potentially contribute to inflationary pressures [hyperlink]. This Insight examines evidence of tightness. A companion Insight (Part 2 [hyperlink]) discusses potential causes and policy implications."

Report Number:
CRS Insight, IN11770
Author:
Publisher:
Date:
2021-10-05
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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