When the office equipment craze hits Texas
By AP Photo/David J. Phillip New Orleans – It’s the start of a year-long boom for office equipment makers.
But some have begun to worry that the boom could soon hit Texas as well.
The National Association of Home Builders (NAHIB) estimates that more than 1.5 million workers in the U.S. will need to move out of their homes in the coming years.
And the recession and the national housing crisis are likely to exacerbate the demand.
The NAHIB estimates that 1 in 6 workers will need the services of an office equipment company by 2026.
It estimates that the recession is likely to worsen the need for office supplies and equipment.
The demand is expected to grow exponentially.
By the end of 2019, the NAHIPB expects that office equipment will account for more than half of the U,S.
A recent survey from the Association of Professional Installers found that in 2019, one in seven U.N. contractors had been asked to move to a new facility.
The shortage of office equipment has been particularly acute in Texas, a state with a high concentration of working-age residents.
It is home to more than a million people who live below the federal poverty line.
And Texas has seen a significant spike in the demand for office furniture and other office supplies, especially in recent years.
The recession has exacerbated the demand and also created an unexpected problem for people trying to find work.
“There is a lot of job loss and a lot more turnover in the job market because people are working fewer hours,” said Paul Tannenbaum, president of the Texas Home BuildERS Association, a trade group.
“I’ve never seen that before.”
Tannenbaums group has seen an increase in job seekers in the past year and is concerned that the job crunch could hit the state as well, especially if the downturn worsens.
The NHAIB expects that in 2026, a quarter of the state’s workforce will be relying on office equipment to meet the needs of a growing population.
That is a higher share than the U and Canada, but not by much.
In Canada, for example, the proportion of the workforce that relies on office supplies is only 5 percent.
The Texas job shortage is expected for years to come, according to the NHAIB, but that does not mean the demand is set to get worse.
The recession is expected only to worsen.
“We have seen the demand increase significantly and the labor supply decrease significantly,” Tannenberg said.
“But in 2027 we expect the demand to increase as well.”
That’s what some industry experts are predicting.
The Federal Reserve has already warned that the downturn in the economy could push up the cost of goods and services.
The problem is, it may take decades for the recession to fully take hold.
The unemployment rate is expected in 2023 to be 7.5 percent, up from 6.6 percent in 2022.
Tannberg said he thinks the unemployment rate will go even higher in the years ahead.
“If we don’t get some kind of structural shift in our economy that starts in the 2020s, the demand could accelerate significantly,” he said.