Only real sign of labor supply tightness is in leisure and hospitality: Growth in average weekly hours and hourly earnings between December 2020 and September 2021

Weekly hours Hourly earnings
Construction 2.8% 3.9%
Durable manufacturing -0.2% 4.6%
Nondurable manufacturing 0.7% 4.6%
Wholesale trade 1.3% 3.3%
Trade, transport and utilities 0.0% 6.2%
Leisure and hospitality 4.6% 14.0%

Source: Author’s analysis of Bureau of Economic Analysis (BEA) NIPA Table 1.5.6 Real Gross Domestic Product, Expanded Detail, Chained Dollars.

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