News Formal

U.S. small business sentiment rises to six-month high in June

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 25 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 177%
  • Publisher: 66%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

June marked the 30th straight month that the index stayed below the 50-year average of 98 as inflation concerns remained on the radar and higher borrowing costs weighed on capital investment

U.S. small-business confidence increased to a six-month high in June, but inflation worries lingered amid a rise in the share of owners planning to raise compensation for workers over the next three months.

A net 22 per cent of businesses planned to increase compensation in the next three months, up 4 points from May. That was despite 37 per cent of owners reporting job openings they could not fill, down 5 points from May. The overall labour market is loosening up amid restrictive monetary policy, with government data last week showing there were 1.22 job openings for every unemployed person in May. The unemployment rate rose to a 2-1/2-year high of 4.1 per cent in June.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US small business sentiment rises to six-month high in JuneU.S. small-business confidence increased to a six-month high in June, but inflation worries lingered amid a rise in the share of owners planning to raise...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks zoom higher as S&P 500 notches 30th record close of 2024Wall Street wondered if the bull rally that has roared through 2024 has more room to run.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »