When Will Promo s Supply Chain Trouble End? asicentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asicentral.com Daily Mail and Mail on Sunday newspapers.
Inventory Shortfalls, Higher Prices Loom for Promo s Q4 asicentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asicentral.com Daily Mail and Mail on Sunday newspapers.
As Economy Recovers, Hiring Remains a Challenge
Employers, including those in the promo products industry, are having a hard time filling positions. Only 266,000 jobs were added last month, far below economists’ expectations.
Economists polled by Dow Jones predicted that the United States’ economy would generate 1 million new jobs in April.
The reality? 266,000 positions were added to non-farm payrolls last month, and the unemployment rate rose to 6.1%, according to the Labor Department.
“Higher vaccination rates, fiscal stimulus and easing business restrictions are converging to support stronger spending across the U.S,” The Wall Street Journal reported. “But many businesses are reporting they can’t find enough workers, a phenomenon that could restrain economic growth in the coming months.”