January 18, 2023
Inflation and Labor Quality Also Remain Top Problems
Small Business Still Troubled by Major Issues with Hiring
- Inflation remains the single most cited small business problem at 32%.
- The second-most cited problem is labor quality, up two points from last month to 23%.
- Labor costs also remain a commonly cited top problem at 8%, one point down from November. Small business owners continue to try to attract new employees with higher pay: a net 44% report raising compensation in December, four points up from November.
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