Small Business Economy is Still Troubled by Inflation & Labor Shortages
Small businesses continued to struggle to increase their workforce in February, with 47% reporting job openings that they’ve had trouble filling.
Small businesses continued to struggle to increase their workforce in February, with 47% reporting job openings that they’ve had trouble filling.
Small businesses are still struggling to find qualified workers as well as with inflation, according to NFIB’s monthly Jobs and Economic Trends reports.
NFIB’s SBET and Jobs reports show that the number of small businesses adding new positions remains elevated.
NFIB’s November Small Business Economic Trends survey found that inflation remains the top problem for small business owners.
2022 was a challenging year for small business, but NFIB is proud of the work done this year to help keep America’s small businesses strong.
NFIB’s monthly jobs report released today shows that 21% of owners report finding qualified employees as the biggest challenge facing their business.
In September, small business owners reported inflation & labor quality remain their top problem, with job openings attracting few qualified applicants.
Improved since July, reports of inflation as the top problem remain high in NFIB’s August SBET report.?Expectations for better conditions are also still low.
NFIB’s Small Business Economic Trends quarterly industry report, which focuses on four key industries, found small business owners’ optimism has fallen.
NFIB’s July Small Business Economic Trends?report shows that small businesses continue to face an inflation crisis, supply chain issues and hiring shortages.
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