Businesses Fail to Find Workers, and Experts Say Federal Policies Have Made It Worse

A new labor market survey found that a majority of employers, particularly restaurants, still cannot find enough workers.

The new report from Alignable said that 83% of restaurants can’t find enough workers. Overall, the report found that “63% of all small business employers can’t find the help they need, after a year of an ongoing labor shortage.”

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Biden Unveils $5.8 Trillion Budget Proposal with Increased Taxes on Businesses, Wealthy Individuals

President Joe Biden unveiled a new 2023 budget proposal Monday along with major tax increases to help pay for it.

Biden’s budget, which comes in at about $5.8 trillion, is not expected to become law, but presidential budgets help set the legislative priorities for the year to come.

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DeSantis Announces Anti-Woke Legislation

Florida Gov. Ron DeSantis (R) announced at a press conference yesterday the unveiling of new anti-woke legislation referred to as the Stop the Wrongs to Our Kids and Employees (WOKE) Act. After DeSantis banned Critical Race Theory (CRT) from Florida’s schools he said this is the next step in legislation to fight back against “woke indoctrination.”

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U.S. Retail Sales Increased as States Ended Restrictions

Male checking out on Square program at retail store

U.S. retail sales jumped in June, boosted by states widely loosening coronavirus restrictions and businesses returning to full capacity.

Retail sales increased 0.6% and totaled $621.3 billion in June, according to the Department of Commerce report released Wednesday. The monthly increase was driven by general merchandise, including food service, clothing, personal care, electronics and gasoline sales, the report showed.

“Sectors that were buoyed by the pandemic are slowing down a little bit, but not to a degree that I’d be concerned about,” Square economist Felipe Chacon told The Wall Street Journal. “Household finances have been bolstered by a few rounds of stimulus spending, so it bodes pretty well.”

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