Main Street's labor problem is weighing on business owners as summer hiring picks up

With summer hiring season in full swing, small business owners are expressing continued concerns over filling roles to meet consumer demand.

A lack of affordable summer housing, scant child care availability, inflation and the rebalancing of work and life in recent years have combined to make the applicant pool different from what it once was. With summer hiring season in full swing, small business owners like Schuch have lingering concerns about filling roles to meet consumer demand. Labor quality was the most important problem for nearly a quarter of National Federation of Independent Business members surveyed in May, according to the small business advocacy organization.

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China cuts main interest rate as economic recovery fizzles out | CNN BusinessChina's central bank has cut its main benchmark lending rates for the first time in 10 months -- affecting most new and outstanding loans along with longer term lending, such as mortgages.
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