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Small businesses finding relief in 'normalizing' labor market

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Small business owners are finding some relief from a historically tight labor market.

But that’s the lowest such reading since January 2021, according to NFIB.“Which is a good sign,” said Holly Wade, NFIB’s executive director of research. “They've been really struggling to find applicants to fill those open positions that have been historically very high.”

“All of those tasks and duties to keep the business up and running lands on the business owner ... and it limits their capacity to look forward ... and have kind of time to think about larger-picture items that they would have normally,” Wade said.

 

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