Record Shares of Small U.S. Firms Raise Wages, Plan to Boost Pay
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A record share of U.S. small-business owners said they raised compensation in October and an unprecedented number are planning to in coming months as they seek to fill vacancies, the National Federation of Independent Business said Thursday.
Forty-four percent of firms boosted pay last month, up 2 percentage points from September and the largest share in monthly data back to 1986, according to the NFIB. A record 32% of small-business owners said they plan raised compensation in the next three months.