Readers Respond: Business and the $4 gallon of gas
Several readers sounded off on the rising price of gas and its relation to business success.
Here’s what we heard when we asked them to describe the impact of rising gas prices on business.
"Not too bad an impact yet, but this is our slow season anyway. I hate to think what will happen if it continues to rise all summer. [If so,] it would definitely have a major negative impact on our business in the fall."
— Jack Bransfield
"Current prices are impacting sales, as well as staffing. New hires and part-time seasonal hires are especially hard hit as hours of work available often do not offset the cost of transportation."
— Vicki Worley
"Of course $4.00 gas is hurting our business. It’s killing us."
— Name withheld
Unemployment rises back up to 9.0%
The unemployment rate in April edged up to 9.0%, compared with 8.8% in March 2011.
Construction employment was about unchanged in April, according to Friday’s report from the Bureau of Labor Statistics. This industry has shown little net movement since early 2010, after having fallen sharply during the prior three years.
Overall, the economy added 244,000 jobs in April, a higher gain than anticipated by analysts.
The latest employment situation shows 13.7 million unemployed persons in the United States, about the same as last month’s measure. The number of persons unemployed for less than five weeks increased by 242,000 in April. The number of long-term unemployed (those jobless for 27 weeks and over) declined by 283,000 to 5.8 million; their share of unemployment declined to 43.4%.
Recall issued on sheet sanders
The U.S. Consumer Product Safety Commission (CPSP), in cooperation with importer One World Technologies of Anderson, S.C., is recalling approximately 300,000 Ryobi 1/4th sheet sanders due to a risk of injury.
Pieces of the fan can break off from the fan assembly and be ejected from the product, posing a laceration hazard to consumers, the CPSC announcement said.
The firm has received 31 reports of broken fan pieces being ejected from the sander, including two reports of minor lacerations.
The sanders, which were made in China, were sold from June 2005 to August 2010 through Home Depot, Gardner, Tap Enterprises, Direct Tools Factory Outlets, Amazon.com and ToolKing.com.
Consumers should immediately stop using the recalled sander and contact One World Technologies to receive a free replacement sander. More information on the recall is available at ryobitools.com.