Unemployment is at its lowest rate in more than 50 years, with employers adding nearly 530,000 jobs during the month of July, according to the latest data from the Labor Department. But the strong job gains obscure ominous signs elsewhere, including a historically high rate of inflation, continued supply chain bottlenecks, and staffing shortages related to the pandemic.
We talk to three small business owners about what they have been experiencing. Pamela Hayes is the founder and owner of Hue Noir Cosmetics in Beaverton. Thomas Angel is the co-owner and co-founder of Altitude Functional Beverages in Bend. Alfonso Herrera is the owner of Mid-Valley Auto Body and Service Center in Woodburn. They join us to talk about their hopes and fears amid the economic uncertainty.