Posts tagged finance
Small business owners not optimistic as inflation, labor struggles continue: NFIB survey
November 14, 2023 // The NFIB's Optimism Index was 90.7 points in October, significantly lower than the survey's 50-year average of 98 A seasonally adjusted net of 17% of owners plan to create new jobs in the next three months and 61% of owners overall said they were hiring or attempting to hire in October – but 90% reported few or no qualified applicants for open positions.
Sens. Braun, Burr, Thune, and Rep. Foxx Lead Republican Colleagues in Urging Department of Labor to Protect Independent Contractor Classification
December 19, 2022 // Senators Braun, Burr and Thune are leading a bicameral letter with Rep. Foxx (R-N.C.) urging the Department of Labor (DOL) not to move forward with its proposed rule for determining independent contractor classification due to the negative impact on workers and business, the test’s lack of clarity and the devastating consequences for the U.S. economy. They are joined by Sens. Hagerty, Romney, T. Scott, Cramer, Johnson, Barrasso, Cassidy, Lankford, Marshall, Hoeven, Blackburn, Boozman, Tuberville, Young, Lummis, Lee, R. Scott, Inhofe, Graham, Fischer, Ernst, Shelby, and Rounds as well as Reps. Wilson, Thompson, Walberg, Grothman, Stefanik, Allen, Banks, Comer, Fulcher, Keller, Miller-Meeks, Owens, Good, McClain, Harshbarger, Miller, Spartz, Fitzgerald, Steel, and Pete Sessions.
Understanding America’s Labor Shortage: The Most Impacted Industries
September 9, 2022 // For example, durable goods manufacturing, wholesale and retail trade, and education and health services have a labor shortage—these industries have more unfilled job openings than unemployed workers with experience in their respective industry. Even if every unemployed person with experience in the durable goods manufacturing industry were employed, the industry would only fill 65% of the vacant jobs. Conversely, in the transportation, construction, and mining industries, there is a labor surplus. There are more unemployed workers with experience in their respective industry than there are open jobs.
Worker productivity saw its biggest drop since 1947 in the first quarter—but experts say the headline figures don’t tell the whole story
May 9, 2022 // American workers’ productivity dropped sharply in the first quarter of 2022, notching the largest three-month decline since 1947. Non-farm productivity, which measures worker output against hours worked, sank 7.5% from January through March, the Bureau of Labor Statistics reported on Thursday.
Opinion: Amazon Employees Don’t Need a Union
March 25, 2022 // Tight labor markets empower workers more than any union. That’s why it’s unlikely that the 7,500 Amazon workers at the JFK8 plant in Staten Island, New York, who are voting today on whether to join the Amazon Labor Union, will choose to be organized. Voting at Amazon’s LDJ5 plant (also in Staten Island), which employs 1,500 workers, will take place next month.