Small and medium-sized businesses in China have suffered dearly under the country’s dynamic zero-COVID policy amid an economic downturn. Since February 2022, China’s Small and Medium Enterprise Development Index (SMEDI) has declined for three consecutive months. “Nearly all customer flow, logistical flow, and cash flow [for small and medium-sized private businesses] have stranded,” Mr. Ma,…
Data Shows Small and Medium-Sized Enterprises in China on the Decline
Private Sector Employment Growth Declined Last Month: ADP Report
Private sector employment growth in the United States declined in March when compared to February, according to data from the ADP National Employment Report published on March 30, as Americans continue quitting the workforce amid a tight labor market. Overall, 455,000 jobs were added for the month, which is lower than the 486,000 jobs added…
Senate Blocks Biden’s Vaccine Mandate for Private Businesses
The U.S. Senate on Wednesday narrowly voted to block President Joe Biden’s COVID-19 vaccine mandate for the private sector. In a 52-48 vote, mainly along party lines, the Senate voted to pass a resolution of disapproval (pdf) of the rule submitted by the Occupational Safety and Health Administration (OSHA), which is overseen by the Department of…
OSHA Suspends Enforcement of Vaccine Mandate After Court Block
The Labor Department’s Occupational Safety and Health Administration (OSHA) has suspended the enforcement of the Biden administration’s COVID-19 vaccine mandate for private businesses. The announcement came shortly after a U.S. appeals court rejected a challenge by the Biden administration on Nov. 12 and reaffirmed its decision to put on hold OSHA’s mandate, which requires that businesses…
OSHA Suspends Implemenation, Enforcement of Vaccine Mandate
The Labor Department’s Occupational Safety and Health Administration (OSHA) says it has suspended the implementation and enforcement of the Biden administration’s COVID-19 vaccine mandate for private businesses. The announcement came shortly after a U.S. appeals court rejected a challenge by the Biden administration on Nov. 12 and reaffirmed its decision to put on hold OSHA’s mandate,…
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