Small Businesses Stop Hiring Amid Inflation
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Small Businesses Stop Hiring Amid Inflation
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Our economy is in trouble and needs God’s help. Intercessors, we must constantly be praying for wisdom for our leaders.
From The Center Square. Nearly half of small business owners are not willing to hire because of labor costs and “skyrocketing inflation,” a newly released small business report shows.
Find out when your state prays.
The small business network Alignable released its July Hiring report which found that “45% of small businesses (SMBs) are halting their hiring, largely because they say they can’t afford to add staff.
“This represents a significant hiring shift, and is largely a reaction to mounting labor costs, skyrocketing inflation, fears of a recession, and rising interest rates,” the group said….
Alignable’s survey found the sentiment varied across industries, with 66% of gym owners reporting a hiring freeze.
“The same goes for 63% in real estate, 58% in transportation, 55% in the automotive sector, and 55% of retailers….”
How are you praying for our economy? Share your thoughts and prayers below.
(Excerpt from The Center Square. Photo Credit: Tim Mossholder on Unsplash)
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And work for the peace and prosperity of the city where I sent you into exile. Pray to the Lord for it, for its welfare will determine your welfare.”
Jeremiah 29:7 – https://www.biblegateway.com/passage?search=Jeremiah%2029:7&version=NLT
Pray for our country’s well being, just like the Lord instructed them to pray for Babylon. God is faithful & He still provides.