Navigating Workforce Pressures

The U.S. economy closed 2024 on relatively stable footing, posting moderate growth despite persistent workforce pressures that continue to challenge manufacturers across the country. U.S. gross domestic product (GDP) grew 2.8%—a slight slowdown from 3.4% in 2023—while unemployment remained historically low at 4.2%. The tight labor market remains one of the most significant obstacles for the packaging industry seeking to fill open positions. Inflation eased to 2.9%, down from 4.1% in 2023 and dramatically lower than the 8% peak in 2022, offering some relief but not enough to offset the strain of ongoing labor shortages.

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