Higher Interest rates impact jobs in Laclede County
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Over the last couple of years the job market in Laclede County has been strong, however as interest rates climb many companies are having to take a look at their bottom line. The latest company to be impacted is Yamaha Motor U.S.A. the parent company of G-3 Boats. Martin Peters with Yamaha Motors the economic climate is affecting the market…
At full capacity, G-3 Boats employs around 350 people, this week 54 employees were laid off. Peters said at this time they don’t know if these are permanent layoff’s…
According to the Wall Street Journal the Federal Reserve has now increased interest rates nine times since March of 2022 in its fight against price inflation.
