Topics:
January 5, 2023
Survey finds inflation and staffing shortages are still challenges for small businesses owners
COVID-19 Survey: Economic Strides but Inflation and Staffing Shortages Hold Main Street Back
- Most small business owners reported that their local economy remains below pre-crisis levels of economic activity.
- Almost half (46%) of small business owners have increased their average selling prices specifically because of supplies and inventory inflation.
- Twenty percent of small employers are currently experiencing a significant staffing shortage and another 25% are currently experiencing a moderate shortage.
- Seven percent of owners reported they increased their average selling prices specifically due to higher compensation related to staffing shortages.
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