The NFIB Small Business Jobs Report for February had an average change in employment per firm at 0.43, down a bit from the 0.49 in January but still the second highest reading in nearly a year.
Small businesses continue to have near record levels of job openings (38%) but the pace of hiring (21%) is not gaining momentum due to a lack of qualified workers (52%).
February plans to compensate workers (19%) are lagging the actual compensation which businesses have to pay to attract and retain their workforces (36%).
The NFIB’s report on job for small business is a subset of the full NFIB Small Business Optimism Index report. The February data will be released at 6:00 ET on Tuesday, March 10.
Disclaimer: Whetstone Analysis provides commentary as a service to its subscribers. Whetstone Analysis is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site. While the information contained within the site is periodically updated and every effort is made to ensure its accuracy, no guarantee is given that the information provided in this Web site is correct, complete, and up-to-date. Click here to read our full Disclaimer.