labor shortages

Military

Army ups bonuses for recruits to $50K, as COVID takes toll

The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who join for six years, The Associated Press has learned, as the service struggles to lure soldiers into certain critical jobs during the continuing pandemic. Maj. Gen. Kevin Vereen, head of Army Recruiting Command, told AP

Omicron variant

US shoppers find some groceries scarce due to virus, weather

Benjamin Whitely headed to a Safeway supermarket in Washington D.C. on Tuesday to grab some items for dinner. But he was disappointed to find the vegetable bins barren and a sparse selection of turkey, chicken and milk. “Seems like I missed out on everything,” Whitely, 67, said. “I’m going to have to hunt around for

Economy

Fed’s Powell: High inflation poses a threat to job market

Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed will raise interest rates faster than it now plans if needed to stem surging prices. With America’s households squeezed by higher costs for food, gas, rent, autos and many

Financial

Markets in 2022? Expect Inflation and Growth to Continue, Experts Say – Inside Sources

The economy and stock market will continue to grow in 2022 but will feel the effects of inflation, money managers and advisors say. “High inflation should persist longer than expected,” according to the Capital Group’s 2022 outlook. “Inflation levels should remain elevated through late 2022, fueled by labor shortages and broken supply chains.” Inflation numbers

Economy

Powell meets a changed economy: Fewer workers, higher prices

Restaurant and hotel owners struggling to fill jobs. Supply-chain delays forcing up prices for small businesses. Unemployed Americans unable to find work even with job openings at a record high. Those and other disruptions to the U.S. economy — consequences of the viral pandemic that erupted 18 months ago — appear likely to endure, a

Travel

Liberty: Lots of travelers expected on freer Fourth of July

Americans enjoying newfound liberty are expected to travel and gather for cookouts, fireworks, concerts and beach outings over the Fourth of July weekend in numbers not seen since pre-pandemic days. Yet lingering restrictions, worker shortages and significant numbers of unvaccinated people mean some may not be as free as they would like to be. And

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