Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Fed survey calms fears over hiring pullback: A Federal Reserve survey of business conditions across the United States released Wednesday suggests last month’s pullback in hiring may be temporary. The report shows that each of the Fed’s 12 bank districts grew steadily from mid-February through April 2 and hiring was stable or increased throughout most of the country.
However, BLS data warns of long-term slowdown: The American labor force is growing at about half the rate it was 20 years ago and will continue to expand at a slower pace through 2020, according to recent projections by the Bureau of Labor Statistics. Moreover, slow growth in the number of workers tends to hold back gross domestic product.
Government takes aim at Apple over e-book prices: The Justice Department is suing Apple and five major publishers, charging that the companies have colluded to keep the price of e-books artificially high to kill the competition. Specifically, the suit alleges that consumers have been overcharged by an average of $2 to $3 per book.
Keep an eye ‘on’:
Homeless entrepreneur making connections: On Small Business recently caught back up with Kurt Varner, the Los Angeles man who recently drove to Mountain View, where he has been living in his car while he tries to launch the next great start-up. Varner shared with us how he is making connections with strangers and gave us the latest updates on his alarm clock application.
Helpful advice ‘on’:
How location issues can spoil your tax filings (OSB)
How to respond when innovation fails (Fast Company)
How to respond to consumer feedback (Entrepreneur)
How to create a more useful survey (Open Forum)
How to benefit from time tracking (Small Biz Trends)