Small business profits have declined significantly due to rising energy and labor costs, with profitability dropping 1.3% in April. This squeeze is attributed to increased gasoline prices, which have surged 43% year-over-year, partly due to geopolitical events impacting oil supply routes. Despite these pressures, the rate of new business applications remains historically high, indicating continued entrepreneurial activity in the U.S. AI
排序理由 The article discusses economic trends affecting small businesses, including profitability and costs, but does not report on a specific new event or release.
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