The unemployment rate for African Americans jumped for a second straight month in June as workers left the workforce amid early signs of a cooling labor market. That cooling has been uneven: The number of unemployed African Americans has increased by 267,000 since April, meaning they account for close to 90% of the 300,000 increase […]
Tag: labor
Labor Shortages Forcing Fed Ex To Re-Route Over 600,000 Packages A Day
FedEx is rerouting hundreds of thousands of packages every day while it scrambles to cope with the labor shortage plaguing many businesses in the U.S. FedEx Chief Operating Officer Raj Subramaniam said during an earnings call this week that there have been “widespread inefficiencies” in its operation due to “constrained labor markets” which have ultimately […]