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Reuters: No end in sight for labor shortages as U.S. companies fight high costs

Caroline Valetkevitch | October 26 , 2021

Labor shortages may be the most intractable of the cost risks that U.S. companies faced in the latest quarter, and as the earnings season moves into its peak, there are signs the problem will persist, some strategists say. Finding and paying for workers is a challenge investors are paying close attention to as third-quarter results come in, with supply bottlenecks and high energy and other commodity prices among other key risks for companies. 

"We're going to see it come up in the next couple of quarters as we try to continue to reopen," said Mace McCain, chief investment officer at Frost Investment Advisors. "The reopening was delayed by the Delta variant, so we haven't seen the full impact of the labor shortage yet."

Excerpted from Reuters on October 26, 2021. To read full article, click here.

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