Final Thoughts
September 9, 2021
Final Thoughts
Written by Tim Triplett
It’s ironic that so many companies finally have the financial capital they need to expand – thanks to record-high steel prices – but not the human capital. The shortage of qualified labor has been a serious drag on growth in most sectors of the economy, including steel. But ITR Economics reports some signs that the pandemic-related labor disruptions are finally easing.
The labor force participation rate has recovered to 62.3% from a mid-recession low of 60.0% and now stands at less than one percentage point below the pre-pandemic level, reported ITR in a recent blog.
