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Last week’s jobs report fell significantly short of expectations, adding just 266,000 jobs to the US economy when …
Good Subscriber Account active since Last week’s jobs report fell significantly short of expectations, adding just 266,000 jobs to the US economy when economists had predicted 1 million. Small businesses are no exception. The National Federation of Independent Business (NFIB), the nation’s largest small business association, released a report on Tuesday that found that while small business optimism increased by 1.6 points since March, a record 44% of owners reported job openings that could not be filled in April. Also,36% of owners reported raising their selling prices — the highest reading since 1981. „Small business owners are seeing a growth in sales but are stunted by not having enough workers,“ NFIB Chief Economist Bill Dunkelberg said in a statement. „Finding qualified employees remains the biggest challenge for small businesses and is slowing economic growth. Owners are raising compensation, offering bonuses and benefits to attract the right employees.
