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Fed’s Beige Book Highlights Lack of Skilled Workers

In one case a developer said it was using drones to survey property to make up for the lack of skilled workers.

The Federal Reserve Bank in Washington DC

WASHINGTON, DC–Worries that the trade war will affect the US economy peppered the most recent release of the Federal Reserve’s Beige Book, with the word tariffs being mentioned 31 times in the 32-page report (Reuters did the counting).

Other problems highlighted in the report include shortages of skilled workers and growing costs of raw materials. “Shortages were cited across a wide range of occupations, including highly skilled truck drivers, specialized construction and manufacturing workers, IT professionals and truck drivers,” the report said.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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