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Analysis-How the post-pandemic labor crunch is curbing U.S. manufacturing

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Reuters

By Timothy Aeppel (Reuters) – A foundry in Indiana couldn’t ship $1.6 million worth of metal parts to customers last month because it didn’t have enough workers to make them, while a Massachusetts plastics factory has outsourced nearly a quarter of its business to subcontractors to keep up with orders it otherwise couldn’t fill. Welcome to the great post-pandemic labor crunch. As economic growth revved up in recent months, employers rushed to pull back workers shed during the COVID-19 crisis. But it hasn’t been easy. The Labor Department’s latest jobs report showed decreases in manufacturing, …

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