Free Trial

Small Biz Surveys Also Point To Rising Employment Cost Pressures

US DATA

Today's NFIB small business survey also pointed to higher employment costs going forward (1412ET Bullet).

  • The percentage of small business owners who said they plan to increase labor compensation rose to 22% from 20%; the percentage saying that the "quality of labor" was their biggest problem rose to 26% from 24%.
  • Both marked the highest levels since January 2020 - so another indication that the labor market is getting closer to pre-pandemic levels.



Source: NFIB, BLS

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.