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."
CRS Insight, IN11770
Congressional Research Service: https://crsreports.congress.gov/