December 19, 2023
November Jobs Report Shows Continuing Tight Labor Market, Wait and See Approach on Economy
- Owners expecting better business conditions over the next six months increased one point from October to a net negative 42% (seasonally adjusted).
- A net negative 17% of all owners (seasonally adjusted) reported higher nominal sales in the past three months, unchanged from October and the lowest reading since July 2020.
- Forty percent (seasonally adjusted) of owners reported job openings that were hard to fill, down three points.
- Seasonally adjusted, a net 30% of owners plan to raise compensation in the next three months, up six points from October and the highest since December 2021.
- The net percent of owners raising average selling prices decreased five points from October to a net 25% (seasonally adjusted).
- The net percentage of owners who expect real sales to be higher increased two points from October to a net negative 8% (seasonally adjusted).
Vote Your NFIB Federal Ballot NFIB has a proven track record of getting results on the issues that matter most to small business owners by challenging existing laws and regulations and speaking out on newly introduced legislation that would impact small business. We have made measurable progress on the issues NFIB members voted on through the One Member, One Vote program. Voting on NFIB’s current Federal Issues Ballot – ballot #583 – remains open. Members can cast their votes by logging in to their account at NFIB.com/votemyballot.
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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