At the same time, 45% of those surveyed said there were “few or no qualified applicants” for open jobs, a number that “has been trending higher since 2009” and been in the mid-to-high 40s since May 2014. Insider reported that the survey found “23% of firms reported increases to compensation in the past three months,” while “a seasonally-adjusted net 16% plan to raise compensation in the coming months,” up 3% from August. NFIB Chief Economist William Dunkelberg called the summer’s optimism readings “less than impressive.” The September survey results showed that seven components of the total index “posted small gains,” but 3 declined, “including a large decline in the net percent of owners expecting stronger real sales volumes in the next few months.” The overall reading of 96.1 is “well below the 42 year average of 98,” but is “consistent with expected economic growth of about 2.5%,” Dunkelberg said.Ģ4/7 Wall Street (NY) reported that the survey showed small business owners “said their single most important problem is taxes (22%), government regulations and red tape (22%) or quality of labor (16%),” while their “least important problems are financing and interest rates (1%) and inflation (2%).” The data show some indication of the future of US small business jobs, Business Insider suggested. This comes after another small gain in August of 0.5 points. For September, the survey of 656 US small business owners showed the index was relatively flat, rising 0.2 points to 96.1. On Tuesday, NFIB released its monthly Small Business Optimism Index results. Index Up 0.2 Points To 96.1, Still At Lower Level Than Average How Small Business Can Prepare for Coronavirus.Small Business Financial Resources During Coronavirus.NFIB Guide to New Federal Lending Options. ![]() ![]() Small Business and COVID-19: PPP Loan Forgiveness Explained and Other Questions Answered (5/20).Small Business and COVID-19: Your Questions Answered Live! (5/13/20).
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