https://images.mktw.net/im-225568
Outside the Box
Without small businesses and their hiring, already precarious economic growth could be prone to a pullback
Last Updated:
First Published:
Main Street businesses — known for jobs that you can stick with through thick or thin — are no longer leading U.S. jobs growth. That’s a worrying sign for the labor market’s overall health.
The percentage of small businesses with unfilled job openings fell to 32% in August from the month before, hitting its lowest level since July 2020, according to the National Federation of Independent Business monthly survey. That’s troubling because robust small-business hiring has contributed to more than half of the U.S. economy’s jobs creation in recent years.
This post was originally published on Market Watch
