By Economic & Finance Report:

There seems to be a shortage of US workers, and employers are feeling the wrath. Analysts have indicated the worker shortage in the United States has been stagnating growth and driving up inflation to new heights. Labor has not returned to pre-pandemic levels and companies/businesses are getting frustrated by the lack of skilled labor returning back to work.

Without skilled labor returned this implicates higher inflation because growth is also stagnated and impaired. United States employment is at 3.9 million, which happens to be below the pre-pandemic levels. Certain reporting has indicated that demand far outweighs current supply; and this has caused an overall problem in the labor job markets. As demand continues to rise and the worker shortage continues across the states; inflation will continue to increase and rage on. -SB

Image Source: Reuters

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