The Labor Department announced on Tuesday that the consumer price index rose 5.3% year over year last month.
Prices rose 5.4% in July. Forbes spun the slight decrease as a sign that inflation might be cooling off. Even if it is, which is doubtful, the trillions of dollars that Democrats plan to spend will destroy that.
Prices rose .3% month over month.
There still is a supply and labor shortage. When that eases off, we might see improvement, but when will it?
At the same time, 66% of small business say the labor shortage is getting worse by 7%, so how does the supply improve?
In July, only 50% of all small business owners said they’re having trouble finding the right help. That figure jumped to 59% last month, and now has gone up another 7% to 66%.
And the sectors that suffered the most earlier this summer are also in worse shape when it comes to hiring now. Here’s a summary of our industry findings from Alignable’s September Hiring Poll.
CNBC actually reported that if you take out food and energy, it’s only 1%. Of course, without food and energy, we can’t live.