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Labor Quality Becomes Top Small Business Problem, Followed by Inflation
Labor Quality Becomes Top Small Business Problem, Followed by Inflation
May 9, 2023
Labor Quality Becomes Top Small Business Problem, Followed by Inflation
- The frequency of reports of positive profit trends was a net negative 23%, five points worse than March.
- A net negative 5% of owners viewed current inventory stocks as “too low” in April, down six points from March. This suggests stocks are now too large relative to expected sales.
- The net percent of owners raising average selling prices decreased four points to a net 33% (seasonally adjusted).
- The net percent of owners who expect real sales to be higher deteriorated four points from March to a net negative 19%.
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