America's CEOs are losing confidence in the economy
CNN
US business leaders are still upbeat about the economic recovery. But they're not as confident as they were just a few months ago, and they blame the Delta variant and a super tight labor market for the drop in sentiment.
The Conference Board, a leading business research think tank, reported Thursday a steep slide in its CEO confidence index for the third quarter.
After hitting an all-time high of 82 in the second quarter on hopes that the United States had turned the corner on the pandemic, the index slid to 67 — a nearly 20% dip — in the third quarter.
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As America’s labor market slows, AI-led interviews and auto-generated cover letters are dramatically changing the process of getting a job. And maybe not for the better.
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California could soon be running short of gasoline, potentially hiking some of the highest gas prices in the country.
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The latest jobs report had its share of shutdown-related quirks, but a familiar theme cut through the noise: The US labor market is stuck in a rut.