Click to watch the webcast As the pandemic has convulsed America’s real economy, middle market businesses have had to contend with profound changes to their workforces, said Joseph Brusuelas, chief economist of RSM US, and Neil Bradley, chief policy officer of the U.S. Chamber of Commerce. The ... READ MORE >
labor shortage
Persistent labor shortages will challenge most health care providers: Spring 2022 outlook
The health care ecosystem continues to struggle with a depressed labor supply, a situation unlikely to abate in the near term. Health care organizations will be forced to explore new technology solutions to fill the human labor gap. Technologies like robotic process automation and descriptive ... READ MORE >
Health care industry outlook: Spring 2022
Facing challenges ranging from ongoing labor shortages to cyberthreats, the health care industry continues its fight against a global pandemic stoked by variant surges. However, health care organizations work toward new opportunities with the help of advanced technologies and growth strategies. Key ... READ MORE >
Chart of the day: Inflation and labor shortages pressure small businesses
Inflation and labor shortages continued to put pressure on small businesses as the Small Business Optimism Index in December remained below its pre-pandemic level, up only 0.5 points to 98.9, according to a report from the National Federation of Independent Business on Tuesday. Nearly a quarter, or ... READ MORE >
Initial jobless claims fall to 52-year low amid labor shortages
New filings for jobless benefits dropped to the lowest level since 1969 last week as robust labor demand continued to leave businesses with no choice but to hold on to their workers. The claims fell to 184,000 for the week ending Dec. 4, down from 227,000 in the previous week, according to Labor ... READ MORE >
Law firms are not guaranteed another profitable year despite strong demand and rate increases
Many law firms enjoyed tremendous financial success in 2020 despite the pandemic. Although demand for law firm services at its nadir was 5.9% lower than the same period in 2019, profits per equity partner in midsize firms finished the year up approximately 6%, according to Thomson Reuters data. How did ... READ MORE >
Labor challenges in health care are here for the long term
Labor costs and availability continue to vex hospitals and health systems. Even the large, publicly traded systems (HCA Healthcare, Tenet Healthcare, Universal Health Services and Community Health Systems) are not immune. Everyone is paying more for labor, if they can find it. By the numbers Last week ... READ MORE >
Workforce transformation: The American labor market, firms and the post-pandemic economy
Widespread labor shortages are hampering companies’ ability to capitalize on an economy that is expanding as the country recovers from a devastating pandemic. Firms will not experience a return to the way things were in the labor markets before the pandemic. The retirement of baby boomers, ... READ MORE >