The lack of workers for low-wage jobs is impacting farms, some of which are now trying to fill in the labor gaps by hiring high school workers looking for summer jobs. While the problem of short-handed farms pre-dates the current labor shortage, farms are now having to compete with other industries suffering from labor shortages.
The Nationwide Economics team shared information about the current landscape and insights, followed by a Q&A.
Recent data shows growth accelerated sharply in the second quarter led by a surge in consumer demand upon fuller reopening of in-person activities. But there are supply constraints across the economy as workplaces and businesses adjust to the post-pandemic environment that are limiting the expansion in certain sectors.
Farmland values, drought impacts and other agriculture news highlights.
Following a strong opener during the first quarter, the second quarter’s annualized pace of growth could be in double-digits as the U.S. economy moves toward a full reopening. While hiring and consumer spending slowed during April, expectations remain high for a surge in activity in coming months in response to pent-up demand from the pandemic and the return of in-person events.
Nationwide is focused on providing best-in-class leadership resources to our agents and sales teams to navigate this new world. The Nationwide Economics team shared information about the current landscape as well as insights followed by a Q&A.
