Construction and Manufacturing Industries Hit Hardest by Inflation Among Four Key Industry Groups
NFIB’s quarterly Small Business Economic Trends industry report found owners in Construction and Manufacturing were hit hardest by inflation.
NFIB’s quarterly Small Business Economic Trends industry report found owners in Construction and Manufacturing were hit hardest by inflation.
With almost one-third of owners citing it as their top business problem, inflation has become the largest issue facing small business.
NFIB’s April Small Business Economic Trends found the owners expecting business conditions to improve has fallen to the lowest level in the survey’s history.
NFIB’s monthly Jobs report found that in April owners continue to raise wages to keep employees and fill historically high levels of open positions.
A new survey found that 93% of small business owners reported a substantial or moderate impact on their business from inflation.
NFIB’s March Small Business Economic Trends report found that inflation has become the number one problem facing small business owners.
Owners continue to increase compensation as the number of small business owners who report they have unfilled job openings has been at historic high levels.
In a pandemic impact survey, inflation, supply chain disruptions and staffing shortages challenge small businesses recovering from the COVID-19 pandemic.
Reports of labor costs as the top problem for small businesses remain at 48-year record highs in NFIB’s February Jobs report.
NFIB’s February Small Business Economic Trends found the number of owners reporting inflation as their biggest problem hit its highest level in 40 years.
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