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Inflation pushing small businesses to the brink
(NewsNation Now) — On Saturday, Eliah Lefferts will lock up one past time. He and his spouse headed to Newington, Connecticut, through the pandemic to know a aspiration: Opening a toy store everyone could appreciate. “This neighborhood in Newington is phenomenal, excellent individuals and loving people,” Lefferts said on “The Donlon Report” on Friday. “But it just was not enough.” JoJo’s Toys and Much more could not retain up with the increasing prices of performing business as the earth economic climate recovers from the pandemic. Lefferts mentioned his expenses went up 300{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} throughout his ownership, and delivery delays are at 75 days — and expanding. Hardware stores discover creative fixes…
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Workplace turmoil, labor shortages, inflation give small business owners a confidence crisis
RALEIGH – From tech giants like IBM and Cisco to healthcare providers, employers are struggling to hire—and retain—workers. Small businesses, which drive much of America’s economy and create millions of jobs, are fighting to find talent, too. And the inability to recruit talent to fill open jobs is wearing on these owners’ enthusiasm, a new survey finds. Making matters even more challenging for businesses is data that shows the “quits rate” for U.S. workers has hit an all-time high of 2.9{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73}, and the results of another new survey that show some 26{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} or workers are likely or very likely to jump to a new job in the next six months. Mix this…
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