RESOLVING MONTANA'S LABOR SHORTAGE

In past recessions, employment growth lags economic growth, as employers hire back laid-off workers only after all other measures to boost output - such as working the existing workforce more hours - have been taken. The Bozeman Yellowstone International Airport enplanements were almost 90% higher i...

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Bibliographic Details
Published in:Montana business quarterly 2021-10, Vol.59 (3), p.12-15
Main Author: Barkey, Patrick M
Format: Article
Language:English
Subjects:
Airports
Baby boomers
COVID-19
Economic conditions
Employers
Employment
Labor force
Labor market
Labor shortages
Occupations
Pandemics
Recessions
Workforce
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Summary:In past recessions, employment growth lags economic growth, as employers hire back laid-off workers only after all other measures to boost output - such as working the existing workforce more hours - have been taken. The Bozeman Yellowstone International Airport enplanements were almost 90% higher in June than pre-pandemic, the second highest increase of any airport in the country. * The withdrawal of many former workers from the labor market for a variety of reasons, including financial security from stock market and housing wealth increases, government support payments, spousal income and COVID-related concerns. [...]this is already being done, but its impacts on growing the entire labor force have been limited. * Searching more broadly for workers, relaxing requirements, looking at nontraditional workers.
ISSN:0026-9921