Steve Moore: ‘Huge’ worker shortage becoming ‘a real curse’ for US economy
FreedomWorks economist and former Trump adviser Steve Moore says state unemployment benefits have kept workers at home since the start of the pandemic.
CVS and Walmart are cutting pharmacy hours as both companies contend with an ongoing pharmacist shortage, according to a recent report.
CVS in March plans to cut or shift pharmacy hours at two-thirds of its locations nationwide, according to The Wall Street Journal. Meanwhile, Walmart, the nation's largest retailer, is closing its pharmacies two hours early at most of its stores by March, the outlet reported.
The latest moves from CVS and Walmart underscore how pharmacies are still struggling to meet demand with their current workforce. More than a year ago, pharmacies started to become overwhelmed due to the rush of vaccines and virus tests coupled with a busy flu season, and in many cases had to temporarily close if staff weren't available.
HOW IS PHARMACIST BURNOUT BEING ADDRESSED?
Staff shortages, however, persist even as companies boost pay and other benefits to incentive workers. This summer, the Journal reported that Walgreens offered signing bonuses of up to $75,000 in certain markets to recruit pharmacists.