Incase you missed it, the great American labor shortage of 2021 is easing. Fewer people are quitting their jobs. The Texas economy is on the path to a slow but solid recovery, although the pace of growth has eased since March, recent data suggest. Indicators, such as initial unemployment claims, consumer spending, dining out and daily COVID-19 cases, show signs of improvement. On the supply end some complications, such as difficulty finding workers, widescale shortages of materials, long lead times and transportation issues, are restraining growth. Texas residential real estate is red hot. Home sales remain elevated, and home prices continue to rise swiftly. Apartment rents and demand are also growing rapidly following some weakness in 2020. To read more of this Article go to the link below.
Labor Shortages, Supply Chain Woes Slow Texas Recovery – Dallasfed.org