Wage Gains Seen Picking Up for U.S. Workers at Small Companies
- A net 17% plan to boost compensation, matching high since 2007
- NFIB Small Business Optimism Index was unchanged in November
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Wage growth is poised to accelerate at small U.S. companies this month after a slowdown in October.
A net 17 percent of managers last month said they plan to increase pay, up 1 percentage point from September and matching the highest level since 2007, according to the seasonally adjusted results of 1,411 responses in a survey by the National Federation of Independent Business. The proportion of business owners who said they had recently raised pay fell to 21 percent from 23 percent in the previous month, the survey showed.