Veterans Day originated as “Armistice Day” on Nov. 11, 1919, the first anniversary of the end of World War I. Congress passed a resolution in 1926 making it an annual observance, and it became a national holiday in 1938. Sixteen…
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Tracking Supply Disruptions, Impact of Inflation on Small Business
The volatile and complex nature of the challenges businesses faced during the Covid-19 pandemic presented multiple dilemmas for business owners, but two challenges emerged as paramount: supply chain disruptions and Inflation, which started to rise in the spring of 2021…
Manufacturing Faces Potential Labor Shortage Due to Skills Gap
About 1.4 million manufacturing jobs were lost during the COVID-19 pandemic but the industry was already facing a potential labor crisis — a projected 2.1 million unfulfilled jobs by 2030 resulting from a lack of skilled labor, according to a study by…
Impact of COVID-19 on Passenger and Freight Transportation
When the World Health Organization (WHO) declared COVID-19 a global pandemic on March 11, 2020, countries struggled to stop its spread: sports teams canceled entire seasons, schools closed, workers began working from home and countries sealed their borders. In contrast to the…
Americans are Pessimistic about Country’s Future
Pew Research Center conducted a new survey, that found that when it comes to several aspects of society, Americans generally feel pessimistic about the future of the country. In particular 63% are pessimistic about the country’s moral and ethical standards…
Black Individuals Had Record Low Official Poverty Rate in 2022
The official poverty rate of the U.S. Black population reached a historic low of 17.1% in 2022, according to U.S. Census Bureau data released today. The 2022 poverty rate for the Black population fell to a record low even after…
Median Household Income After Taxes Fell 8.8% in 2022
Real median household income after taxes fell 8.8% to $64,240 from 2021 to 2022 and the poverty rate after taxes as measured by the Supplemental Poverty Measure (SPM) increased 59% to 12.4%. These significant changes in after-tax income and poverty rates of…
September is National Preparedness Month
In the wake of the devastating fires in Maui that left the town of Lahaina burned to the ground and more than 100 people dead, it might interest you to know that September is National Preparedness month. When major disasters…
Quarterly Services Survey Now Provides Seasonally Adjusted Expense Data for 40 Industries, Says Census
The U.S. Census Bureau is now publishing seasonally adjusted expense estimates for 40 industries as part of its Quarterly Services Survey, making it easier to gauge whether expenses and revenues are going up or down in consecutive quarters. It’s a significant…
August 17 is National Thrift Store Day
According to NARTS: The Association of Resale Professionals: “There are currently more than 25,000 resale, consignment and Not For Profit resale shops in the United States. “Resale is a multi-billion dollar a year industry. There is a major discrepancy on annual…