Connect with us

Hi, what are you looking for?

Internewshub

Business

Record share of small businesses in U.S. report job vacancies


By Vince Golle | Bloomberg

A record share of U.S. small-business owners said they had open positions they could not fill in September, while an unprecedented number boosted wages to attract workers, the National Federation of Independent Business said Thursday.

Fifty-one percent of firms had openings last month, up 1 percentage point from August and the largest share in monthly data back to 1986, according to the NFIB data. A record 42% of small-business owners said they raised compensation.

“For most small employers, labor costs are the largest operating outlay, and owners will be compelled to pass those costs on to their customers by raising prices,” Bill Dunkelberg, NFIB’s chief economist, said in a statement.

A record 30% of small firms also said they are planning to raise worker pay in the next three months.

Companies continue to struggle to find workers with the necessary skills. Of the firms hiring or trying to hire, 92% indicated there were few or no qualified applicants for open positions, NFIB said. Eight in 10 construction firms reported few or no qualified applicants.



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Business

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat.

World

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Business

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Politics

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae.

Copyright © 2021 Internewshub.