The phrase
"labor shortages" means that there is not enough available workers or employees to meet the demand or need for work in a particular industry or area.
Full definition
The early college was created partly to fill expected
labor shortages in the health field.
Despite demand, 60 % of contractors reported difficulty finding skilled workers in the third quarter of 2017 due to an ongoing
skilled labor shortage.
The added demand brought about by a large federal infrastructure bill would create a
construction labor shortage more acute than we've seen in decades.
This means we are facing a massive
labor shortage as baby boomers retire, something that's going to hit the home health care industry especially hard.
Following are a few selected resources for companies interested in learning more about battling the
looming labor shortage by reducing employee turnover.
The
current labor shortage can be attributed to skilled workers not returning to construction after the recession, a difficulty attracting Millennial workers, and the increases in the enforcement of immigration laws.
Japanese policymakers are focused on how wage hikes resulting from the
rising labor shortage affect private consumption and boost consumer prices in the coming months.
There has been a raft of stories in the financial press about specific
labor shortages driving up wages at an accelerating pace.
A major reason for the
qualified labor shortage is that fewer students are graduating high school with the social and emotional skills required for today's workplace.
On the other hand, job seekers with certain high demand skills may be able to expect salary increases — because there are still
selected labor shortages in certain markets.
Their share was rising rapidly during the housing boom years
when labor shortages were widespread and serious.
Industry analysts
cite labor shortages, restrictive zoning laws and materials prices among the reasons.
Businesses were responding to
labor shortages in a variety of ways, from raising pay to enhancing training to increasing their use of overtime and / or automation, among other strategies.
Given the acute
construction labor shortage, reconstruction and its repercussions in residential real estate could be yet another disaster.
Development projects in high supply growth MSAs such as Denver stall because
of labor shortages.
Faced
with labor shortages in the appraisal field, the Appraisal Foundation is easing the qualifications necessary for people to work as a certified appraiser.
«I've been hearing a lot
about labor shortages since I came to Washington [in the fall of 2000],» says Marburger.
Don't blame Wisconsin's roiling
labor shortage for the slim inventory of bidders on state road projects let on Tuesday.
They too are
experiencing labor shortages «with the number of firms citing skilled labor as a factor to likely limit output over the next 3 months the highest for more than 4 decades.»
Opponents «contended that the industry's claim of a
desperate labor shortage was invalid and was devised to hide the industry's real goal — to use the H - 1B program as a source of cheap labor.»
Any policies that reverse this trend — or
labor shortages causing wages to spike — could erode margins and equity valuations.
Duncan notes that foreign workers both start far more businesses than Americans, and that they're needed to avoid potentially
crippling labor shortages in industries from farming to construction to tech.
Subscribe to the Afternoon Brief Trending Story: Vineyard Robot Prototype to Debut at FutureFarm Expo in Oregon Seeking to solve the
chronic labor shortage problem facing the US premium wine industry, the project «ROVR» team has developed a fully mobile concept demonstrator at their Pendleton, Oregon R&D lab... Today's News: The Complete Guide -LSB-...]
The report, Envisioning a 21st Century Science and Engineering Workforce for the United States, describes «a shrinking workforce [and] an
unprecedented labor shortage.»
«Builders will need to focus more on homes geared for moderate incomes, partner with the government on initiatives to transform distressed urban neighborhoods and
overcome labor shortages through a combination of workforce development training and pressure to ease artificial restrictions on the supply of labor,» Kirchner says.
While pushing up wages for some low - skilled workers,
labor shortages also inflate business costs and stymie investments and growth.
«This reduces waste and addresses
labor shortage issues, but the operator still gets a very high - quality product, as well.»
According to American Institute of Architects,
despite labor shortages and rising material costs that continue to impact the construction sector, construction spending for nonresidential buildings in the U.S. is projected to increase 4 % this year and continue at that pace of growth through 2019.
The document, a compendium of opinions about the economy gathered from business contacts throughout the Fed's 12 regional districts, highlighted
growing labor shortages across high - skilled occupations and in the construction and transportation sectors.
A combination of the U.S.'s ageing population, and workers spurning physically demanding blue - collar jobs in favor of pursuing college degrees has
compounded labor shortages.
Restaurants are often laggards when it comes to adopting new technology, but rising labor costs due to higher minimum wage and
labor shortages coupled with food inflation has some looking to solutions that can provide some relief from the increased pressure on already tight margins.
The earnings jump is a credit to higher home sales, but investors will be looking for word on how the homebuilder is
managing labor shortages and possible construction delays.
But facing an
alarming labor shortage, the resort town is hosting a class called «Hispanics 101,» the actual name of the course, designed to help employers better attract laborers to fill the 2,050 vacancies before the summer season kicks into full swing.
Faced with national «take it or leave it» offers, some small percentage of unorganized workers just say, «leave it», hence
spot labor shortages and low unemployment coexisting with little wage inflation poor labor force participation rate.
Robots are now working alongside humans in warehouses,
where labor shortages are common and an extra pair...
Houston's housing market had a
severe labor shortage before the storm, and that shortage doubled after Hurricane Harvey hit.
Lead - time extensions in many areas,
supplier labor shortages, and transportation delays and uncertainty in the steel and aluminum markets will continue to restrict production output for the foreseeable future,» says Fiore.
These experts will explore what 2014 holds for our industry across the nation, such as housing's potential and most likely path in 2014; recovery hurdles
like labor shortages and tight credit; tailwinds pushing housing such as demographics and pent - up demand and Future Federal Reserve actions and their impacts.
Employment continued to grow at a modest pace, with most districts
reporting labor shortages, which were said to constrain growth in some cases, the report said.
rutleyh, the loss of population in China is a profound indicator of its future stock performance due to coming
massive labor shortages.