Spring - Klein Edition | June 2022

APPLICANT AVAILABILITY

OUR DOCTORS Know Back Pain While Cleaver orders her mum- making supplies one year in advance, she said others working in her industry are struggling with supply shortages. “There’s girls out there that are scrambling [because] they can’t ‹nd ribbon,” Cleaver said. Meals at Lynn’s Table do not contain manufactured by an Abbott Nutrition facility in Sturgis, Michigan, due to reports of illnesses among babies who had consumed the products. “Manufacturers have ramped up production 30%-50%, bringing total production today above prerecall lev- els with a di—erent mix of products and sizes now available in the mar- ket,” the U.S. Department of Health and Human Services website reads. “Still, it’s clear that too many fami- lies continue to encounter challenges obtaining infant formula.” Another major supply shortage has been due to a lack of grain being exported as a result of the Russia- Ukraine war. Ukraine and Russia supply about 30% of cereals globally, according to a May 19 news release from the United Nations, but Ukraine is expected to export one-third less wheat this year than in 2021. Supply shortages have also had an impact on local businesses.

The Federal Reserve Bank of Dallas surveyed Texas business executives on current labor market conditions and the impact of remote work. The graphs below compare responses collected in July 2021 and April 2022.

The top impediments to hiring in April included:

Lacking in labor Business owners gauged how the availability of applicants had changed in the past month:

28,000

Improved signicantly Improved slightly Worsened slightly No change Worsened signicantly

76% Lack of available applicants/ no applicants 51.9% Workers looking for more pay than is o ered 40.8% Lack of technical competencies 38.6% Lack of experience 33.9% Lack of workplace competencies 16.3% Inability to pass drug test and/or background check

Greater Houston jobs left to recoup

JULY 2021

0.5%

47.6% 16.8%

10.3%

24.9%

331,400

APRIL 2022

Greater Houston jobs recovered as of March 2022

0.6%

48.9% 25.6%

4.5%

20.5%

SOURCES: GREATER HOUSTON PARTNERSHIP, FEDERAL RESERVE BANK OF DALLAS“COMMUNITY IMPACT NEWSPAPER

Sta©ng shortages and access to supply lines may be unfavorable, but Jankowski said he believes they are growing pains of an economy that has recovered. However, while unemployment has decreased in the Greater Houston area, compensation costs have also risen, according to a GHP analysis of BLS data. Compensation costs for private- sector workers in the Greater Houston area rose 4.5% from March 2021 to March 2022. As costs continue to rise

for businesses, Lieb said he believes companies will resort to layo—s if they cannot cut costs in other ways. “While we’re seeing this strong employment number right now, I have strong concerns that we are going to see a massive layo—,” Lieb said. Mikah Boyd contributed to this report.

nitrates, genetically modi‹ed organ- isms or high-fructose corn syrup, Jessica Lynn said, making ingredients harder to ‹nd during the pandemic. “We diligently source clean prod- ucts for our menu, and these items have been di©cult to get o— and on for many months now,” she said. Sta ng shortages Alongside supply chain disruptions, sta©ng shortages have proven to be another challenge for businesses.

For more information, visit communityimpact.com .

Some of Houston’s Leading Spine Specialists Call TOPS Home.

At TOPS Surgical Specialty Hospital , some of Houston’s top spine specialists choose our facility because of its advanced equipment and technology and our award-winning care support team.

Visit our website to find the right doctor near you: TOPS-Hospital.com (281) 377-4181

LEGAL: TOPS Surgical Specialty Hospital complies with applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, or sex. TOPS Surgical Specialty Hospital is a facility in which physicians have an ownership or investment interest. The list of physician owners or investors is available upon request.

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SPRING KLEIN EDITION • JUNE 2022

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