July 7, 2022
Half of owners cannot fill open positions
Monthly Jobs Report: Worker Shortages Remain a Top Problem for Small Businesses
Key findings from NFIB’s June 2022 Small Business Jobs Report
Small business owners’ plans to fill open positions remain elevated, with a seasonally adjusted net 19% planning to create new jobs in the next three months, even though down seven points from May. Ninety-four percent of those hiring or trying to hire reported few or no qualified applicants for the positions they were trying to fill. Thirty-three percent of owners reported few qualified applicants for their open positions and 27% reported none. A net 48% of owners (seasonally adjusted) reported raising compensation, down one point from May but only two points below the 48-year record high set in January. A net 28% plan to raise compensation in the next three months, up three points from May. Hopefully this will attract new workers into the labor force. Forty-two percent of owners have openings for skilled workers (unchanged) and 22% have openings for unskilled labor, down three points. Fifty-eight percent of the construction firms with job openings reported few or no qualified applicants, down three points from May.Take Action
At a time when small businesses are facing serious economic headwinds, Congress is considering a “small business surtax” which would negatively impact more than 750,000 small businesses organized as pass-through entities, such as LLCs, sole proprietorships, and others. Click here to let your legislators in Congress know that you oppose this and any other new tax on small business.
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