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Oil companies fear mandates will add to labor crunch - September 30, 2021
Weekly jobless claims climbed again in the last week to 362,000, indicating sluggish hiring in the labor market. While many employers are desperate to hire more workers and hang onto the ones they still have, some fear that vaccine mandates could worsen the worker crunch. Oil executives say they are bracing for even more rapid turnover in field-level employees who are skeptical of vaccination. While up to half of unvaccinated workers have said in some surveys that they would leave their jobs if forced to get vaccinated, new research found that a much smaller fraction of workers follow through with leaving their jobs when mandates are in place.
The rate of COVID-19 deaths is projected to decrease over the next four weeks, marking a reversal in the number of cases for the first time since June. About 55% of the entire U.S. population is now fully vaccinated, with health officials employing multiple strategies to boost protection. Los Angeles officials indicated they plan to vote next week on one of the most strict measures in the country that would require proof of vaccination to enter most businesses.
The U.S. Senate reached a funding deal on Wednesday that will avoid a government shutdown, but pressure to increase the federal debt limit and avoid a government default are intensifying . Republicans said they will reject legislation in the Senate to increase or suspend the debt limit, which they hope to tie to Democrats’ massive social spending legislation.
Paint is the latest material to be added to the list of shortages across the U.S., driven by raw material constraints and price inflations. Companies continue to warn of the dual challenge ahead this holiday season, in which a shortage of labor workers could compound supply constraints.
Aladdin on Broadway was canceled on Thursday just one day after reopening due to breakthrough coronavirus cases, underscoring the struggles of the performing arts amid outbreaks. While Aladdin was the first and only confirmed cancelation for a reopened Broadway production since June, singers and other performing artists have announced a string of cancellations due to coronavirus detections.
CONTENT FACTS.
Turbine Labs has tracked 23,074 media articles and blogs and 14,712 social media posts over the last 24 hours.
The next Turbine Labs Leadership briefing will be delivered on Friday, October 1, at 9:30AM ET.
Questions or feedback? Don't hesitate to reach out to us directly.
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By Turbine LabsWeekly jobless claims climbed again in the last week to 362,000, indicating sluggish hiring in the labor market. While many employers are desperate to hire more workers and hang onto the ones they still have, some fear that vaccine mandates could worsen the worker crunch. Oil executives say they are bracing for even more rapid turnover in field-level employees who are skeptical of vaccination. While up to half of unvaccinated workers have said in some surveys that they would leave their jobs if forced to get vaccinated, new research found that a much smaller fraction of workers follow through with leaving their jobs when mandates are in place.
The rate of COVID-19 deaths is projected to decrease over the next four weeks, marking a reversal in the number of cases for the first time since June. About 55% of the entire U.S. population is now fully vaccinated, with health officials employing multiple strategies to boost protection. Los Angeles officials indicated they plan to vote next week on one of the most strict measures in the country that would require proof of vaccination to enter most businesses.
The U.S. Senate reached a funding deal on Wednesday that will avoid a government shutdown, but pressure to increase the federal debt limit and avoid a government default are intensifying . Republicans said they will reject legislation in the Senate to increase or suspend the debt limit, which they hope to tie to Democrats’ massive social spending legislation.
Paint is the latest material to be added to the list of shortages across the U.S., driven by raw material constraints and price inflations. Companies continue to warn of the dual challenge ahead this holiday season, in which a shortage of labor workers could compound supply constraints.
Aladdin on Broadway was canceled on Thursday just one day after reopening due to breakthrough coronavirus cases, underscoring the struggles of the performing arts amid outbreaks. While Aladdin was the first and only confirmed cancelation for a reopened Broadway production since June, singers and other performing artists have announced a string of cancellations due to coronavirus detections.
CONTENT FACTS.
Turbine Labs has tracked 23,074 media articles and blogs and 14,712 social media posts over the last 24 hours.
The next Turbine Labs Leadership briefing will be delivered on Friday, October 1, at 9:30AM ET.
Questions or feedback? Don't hesitate to reach out to us directly.