shortage

Travel

Australia calls on backpackers to help ease Omicron-fuelled labour shortage

Victoria hospitals move to higher alert 67 deaths on Wed vs Tue record 77; nearly 80,000 new cases More deaths expected in next few weeks, officials say U.S. CDC includes Australia on ‘no-fly’ list, cites rising cases SYDNEY, Jan 19 (Reuters) – Australia threw out an invitation to backpackers on Wednesday, seeking reinforcements for a […]

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Business

Small business optimism plunges in September as labor shortage persists

Natixis Chief Economist of the Americas Joseph Lavorgna, Belpointe Chief Strategist David Nelson and Peapack Private Wealth Management Principal David Dietze discusses lackluster jobs report, rising inflation companies buying back stocks. Sentiment among U.S. small business owners plunged in September as pandemic-induced supply disruptions and a persistent labor shortage weighed on the economy’s recovery. The […]

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Technology

Nearly 1 in 3 small businesses using technology to compensate for worker shortage: survey

Lebenthal Global Advisors President Dominick Tavella argues a number of factors contribute to slowing U.S. economic growth. Nearly one in three small businesses are using technology to compensate for a shortage of workers during the COVID-19 pandemic, according to a new survey. The Verizon-MorningConsult survey of 600 U.S. small businesses published Wednesday found that 30% […]

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