Economic Trends

As inflation continues to reach highs it hasn’t hit in over 40 years – the Consumer Price Index (CPI) is at 8.5% annualized – the outlook for ending the labor shortage anytime soon doesn’t look any better. The unemployment rate dropped to 3.6% at the end of March, while net restaurant employment rose by 61,000…

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On Economic Front: Inflation & Jobs Up

Consumer prices grew much faster than expected in October, according to data released this week by the U.S. Department of Labor (DOL). The consumer price index (CPI) rose 0.9 percent last month and was 6.2 percent higher that it was in October 2020, the largest annual increase in 30 years! Generally speaking, analysts were expecting…

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Minimum wage on state ballots in 2022

Notwithstanding the economic realities of the ongoing labor shortage and the BLS data showing wages exceeding $15 per hour in supermarkets and restaurants  across the country, advocates continue to push. In Nebraska, a host of community organizations announced the launch of Raise the Wage Nebraska, a 2022 ballot initiative campaign that would increase the current…

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