Recent changes in public policy are beginning to affect the domestic economy. One sign is the strong increase in manufacturing construction linked to the bipartisan Infrastructure Investment and Jobs Act and the CHIPS and Science Act. But with the unemployment rate at 3.6% and the ... READ MORE >
Worker shortage
RSM US Supply Chain Index returns to pre-pandemic level
Amid the many challenges in today’s economy, there is a bright spot: Supply chains, after a period of severe disruption, are back to normal. Our RSM US Supply Chain Index pointed to supply efficiency for the fourth month in a row, reaching 0.49 standard deviations above neutral in October. That ... READ MORE >
Immigration is key to solving Canada’s labour shortage
There is no denying it: Canada is experiencing a historic labour shortage. The job market has been running hot for months, with the unemployment rate falling to 4.9%, the lowest on record. The pandemic and subsequent reopening have been the catalyst. At the onset of the pandemic, workers were laid ... READ MORE >