The Number of Small Businesses With Unfilled Job Openings Is at its Highest Level in 9 Years

This should be good news for worker wages.

The NFIB Small Business Economic Trends Report came out this morning, and it was a bit of a mixed bag. The headline optimism index rose slightly, but the gain was below expectations. The number of businesses planning to create new jobs also dipped slightly.

However, there was some interesting news for job seekers. Around 29 percent of small business owners report that they have at least one job opening that they could not fill. That's the highest that number has been since March 2006, one of the highest numbers they've seen in 40 years.


Almost half of those businesses looking to fill jobs also reported they were unable to find qualified applicants. As we've seen with other companies in recent months, finding (and keeping) talented workers is getting harder and harder, which should be good news for worker wages.

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