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'Crisis:' Small businesses struggle with inflation, labor market

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(The Center Square) – Small business week came and went this week, and small businesses took the opportunity to raise a range of concerns about the economy and their future.

The U.S. Chamber of Commerce released a report on the labor market this week, saying that “every state is facing an unprecedented challenge finding workers to fill open jobs,” calling it a “crisis.”

A new report from the small business network Alignable found businesses have still not bounced back from the pandemic-era shutdowns. The labor market and elevated inflation have been a major problem for small businesses as they work to recover from the pandemic-era shutdowns. As The Center Square previously reported, the White House also pointed to pandemic-era assistance programs, the bipartisan infrastructure bill, and the CHIPS and Science act, which is aimed at promoting domestic manufacturing.

 

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