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labor shortage

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Russia now suffers the worst labor shortage it ever had since 25 years ago

Per Newsweek Russia's economy has also been affected by its war in Ukraine; now, the country is experiencing a 25-year record labor shortage. This meant that the country had not experienced this much labor shortage since the late 1990s. This came after a survey was conducted by the

Labor shortages affect US companies trying to attract and retain workers

Per WP Persistent labor shortages in the United States have reportedly affected many companies that are trying to attract and retain workers. This was especially true for small businesses and service industry businesses. This comes when the average hourly earnings per month rose by 0.3%. The Fed notes that