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March 8, 2022 Last Edit: June 5, 2025
Governor Murphy’s Budget Short on Solutions For Small Biz
- Twenty-six percent of small business owners reported that inflation was their single most important problem in operating their business, a four-point increase since December and the highest reading since the third quarter of 1981.
- The net percent of owners raising average selling prices increased seven points to a net 68% (seasonally adjusted), a 48-year record high reading.
- Owners expecting better business conditions over the next six months decreased two points to a net negative 35%.
- Forty-eight percent of owners reported job openings that could not be filled, an increase of one point from January.
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