Children as young as 13 could be put to work to help fill labour shortages as Australia’s peak retail body calls for national minimum working age requirements. Ahead of the federal government’s jobs and skills summit, the Australian Retailers Association (ARA) has released a submission calling for businesses to be able to tap into willing…
Buttigieg Warns Americans Flying Over July 4 to Brace for ‘Challenges’ Amid Airline Labor Shortages
Transportation Secretary Pete Buttigieg has warned that Americans could face “challenges” when it comes to traveling on the July 4 holiday amid chronic labor shortages and unpredictable weather. In an interview with “NBC Nightly News” on June 28, Buttigieg said “there are going to be challenges” with air travel but that officials are keeping a close…
Optimism Among US Business Leaders Drops to New Low Amid Rising Inflation, Supply Issues, Labor Shortages
Optimism among business leaders regarding the outlook of the U.S. economy has drastically declined in the past year, according to JPMorgan’s 2022 Business Leaders Outlook Pulse, released Monday. More than 1,500 midsize business leaders participated in the survey (pdf), which was conducted between May 25 and June 10 across executives of midsize companies in the United States that have…
Robot Orders Increase 40 Percent in First Quarter Amid Mass Quits, Labor Shortages: Report
Orders of robots increased 40 percent in the first quarter of 2022, amid soaring inflation and labor shortages, according to a new report by the robotics industry’s trade group, the Association for Advancing Automation (A3). According to the report, which was first cited by The Wall Street Journal, orders for workplace robots in North America rose…
Transport Experts Say Rail Backlogs, Labor Shortages Delaying Shipments of US Grain
Rail backlogs in the United States are delaying the shipment of grains, and further exacerbating inflation, industry experts said at a hearing this week addressing urgent freight rail service issues. “In recent weeks the board has received communications from a broad range of stakeholders of serious problems affecting the freight rail network, namely inconsistent and unreliable…
California’s Labor Shortages Persist Amid Dropping Unemployment Rate
April 19, 2022
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California’s unemployment rates decreased substantially over the past year according to the latest data from the U.S. Department of Labor, but businesses still face worker shortages. Employment rates have increased in 49 states in the nation, according to an April 15 report (pdf) released by the labor department’s Bureau of Labor Statistics, with California accounting…
From Automation to Retention: How Businesses Are Adjusting to Labor Shortages
As labor shortages intensify amid The Great Resignation, companies are making several adjustments to current market conditions. In December, job openings totaled 10.925 million, topping the market estimate of 10.3 million, according to the U.S. Bureau of Labor Statistics (BLS). The number of employment quits eased from the record high in November, coming in at…
Fed Survey Finds Economy Growing Modestly Despite COVID-19
WASHINGTON—The Federal Reserve said Wednesday that the economy was growing at a modest pace at the end of 2021 but was still being held back by ongoing supply-chain disruptions and labor shortages. In its latest survey of business conditions around the country, the Fed said its 12 regional banks found that the economy was continuing…
Tyson Automating Meat-Processing Plants, Reducing Labor Costs, Improving Efficiency
Tyson Foods is planning on investing over $1.3 billion over the next three years in new automation capabilities, according to an announcement on Thursday, as part of the company’s efforts to improve savings and reduce labor costs. Tyson, the largest American meat company by sales, said that it has invested around $70 million this year…
Government Won’t Solve Inflation, Supply Chain Crisis—But the Market Will
Commentary The price of a gallon of gas is going up. Store shelves are empty. Consumers are waiting longer for merchandise to be shipped that they ordered online. Americans across the country are experiencing what inflation is like. The last time we went through a cycle like this was more than 40 years ago, when…
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