#SmallBusinessAmerica: The missing labor force. @GeneMarks

May 15, 2021, 01:55 AM

Photo: All are workers in Knoxville Knitting Mills. Smallest boy "Ravels." Smallest girl is a steady worker. Location: Knoxville, Tennessee.
CBS Eye on the World with John Batchelor
CBS Audio Network

#SmallBusinessAmerica: The missing labor force. @GeneMarksĀ 

The number of job openings reached a series high of 8.1 million on the last business day of March, the U.S. Bureau of Labor Statistics reported

Small Business Optimism Up in April but Job Openings Remain at Record Highs

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent
in April on a seasonally adjusted basis after rising 0.6 percent in March, the
U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the
all items index increased 4.2 percent before seasonal adjustment. This is the
largest 12-month increase since a 4.9-percent increase for the period ending
September 2008.

The Dodge Momentum Index posted an 8.6% gain in April, climbing to 162.4 (2000=100) from the revised reading of 149.5 in March. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

Need help getting workers? Use this tax credit to pay a hiring bonus.