Nearly half of American companies say they are short on skilled workers

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Nearly half of American companies say they are short on skilled workers
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America's worker shortage is alive and well, much to the misfortune of US companies that need staff to keep up with demand.

The National Association of Business Economics found that nearly half — 47% — of respondents to its Business Conditions Survey reported a shortage of skilled workers in the third quarter. That's up from 32% reporting shortages in the second quarter of the year, which already was too high for comfort. And nobody thinks the labor shortages will just disappear as 2021 turns to 2022.

Read MoreHolding back the recoveryWhile retaining existing workers and attracting new ones is top of mind for businesses, their second major challenge centers on rising prices and supply chain chaos.One-third of survey respondents called the increased price pressures the biggest downside risk to their operation. Perhaps more eye-opening: not a single business that took part in the survey had lowered prices in the third quarter and none expect to cut prices over the next three months, either.

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