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One McDonald s in Florida is offering $50 for anyone who comes in for a job interview.
The owner of the location, Blake Casper, told Insider that restaurants are scrambling for help.
Casper said it has not been this difficult to hire workers in decades.
A McDonald s in Florida is paying people $50 just to show up for a job interview. But it s still not attracting many applicants.
Blake Casper, the franchisee who owns the restaurant, told Insider that a general manager and supervisor came up with the idea for the interview reward after he told them to do whatever you need to do to hire workers.
Spencer Platt/Getty Images
A Fed survey found that 200,000 extra US businesses have permanently closed in the past year.
That s on top of the estimated 600,000 businesses that close in a given year.
Small businesses were not hit as hard as expected, which could be because of government aid.
In recent years, Federal Reserve economists have estimated that 600,000 US businesses have permanently closed each year. But a Fed study released on Thursday found that the pandemic has resulted in an additional 200,000 permanent closures of businesses over prepandemic levels or about a quarter to a third above normal.
Individual companies account for about two-thirds of the closures, while personal service providers, like hair and nail salons, were the hardest hit, accounting for 100,000 permanent closures between March 2020 and February 2021.
Provided by Dow Jones By Gwynn Guilford The U.S. economy accelerated to a moderate pace from February to early April, as rising rates of Covid-19 vaccinations, business reopenings and federal-stimulus funds boosted consumer spending across the country, a Federal Reserve report said. The Fed s periodic roundup of anecdotes from business sources, known as the Beige Book, on Wednesday indicated that the U.S. economy is increasingly firing on multiple cylinders. Service-sector activity is reviving as more people venture out and firms expand operations, releasing pent-up demand for dining, travel, and other activities that had largely been on hold during the pandemic.
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Inflation rarely evokes a positive connotation. And rightfully so. The concept of a dollar being worth less tomorrow than it is today is a scary thought. Hyperinflation can bankrupt an economy or in the case of 1920s Germany, sow the seeds for war.
However, moderate inflation isn t necessarily a bad thing. In fact, inflation routinely got above 4% during the economic boom of the 1950s. By the end of 2021, The Federal Reserve sees unemployment falling to just 4.5% and inflation rising to 2.4% which could save U.S. households holding debt an average of $1,404. Here s why rising inflation could be a good thing if you have debt but a bad thing if you r
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April 15, 2021 by joeym
Joey McLaughlin talks with National Federation of Independent Business (NFIB) state director Mark Grant about small business optimism improving, but owners are still struggling to find qualified workers.
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