Top Line

national association of free trade said Labor shortages worsened Thursday for small business owners, with record shares reporting they have job openings they are unable to fill, forcing them to raise wages and take other measures to compensate.

important facts

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The NFIB said 51% of small businesses surveyed for their monthly jobs report said they had job opportunities they were unable to fill in the current period, up a point from August and 22% in 47 years. Far above the historical average. Gathering employment figures.

Difficulty filling open jobs has prompted 42% of small business owners surveyed to raise salaries and 30% say they plan to increase compensation over the next three months.

92% of employers looking to hire say there were few or no qualified applicants to fill the job opening.

The number of businesses renting increased by one point to 67% in September, and the number of skilled workers and unskilled workers increased by two and one digit, respectively.

tangent line

Large employers are also feeling the strain in the effort to fill open positions. raising cane hen’s fingers recently asked To fill half of your corporate workforce as cooks, cashiers and recruiters in your restaurants. company said insider That 200 employees from its Dallas office were going to the restaurant to work, and that even higher-ups like senior vice presidents at the company chain would be hired.

key background

Many restaurants and retailers have struggled to fill open jobs amid the COVID-19 pandemic, prompting large chains such as Chipotle Mexican Grill, Starbucks and Walmart to raise wages. Some companies have also offered hiring bonuses, including McDonald’s, which has begun providing emergency child care for workers. To make sure they’re employees for critical vacation periods, Target is offering an additional $2 per hour To work on busy days and Walmart is on the rise $1 . hourly pay by For seasonal workers.

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