Jobs Plummet as Labor Shortage Hits Small Biz | Lincoln News

The latest jobs report reveals a shocking economic slowdown: the U.S. lost 23,000 jobs in July, with prior months’ figures slashed by another 103,000—signaling a hiring freeze and deepening labor woes. Retail and finance took major hits, while even healthcare growth slowed. Small businesses are reeling, with over a quarter citing staffing shortages as their top challenge, forced to compete with big companies for talent by offering costly benefits. Meanwhile, job changers are seeing the biggest pay bumps in a year, proving how tight the labor market has become—and how much pressure is mounting on employers to adapt. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ca895573e08a3bc4