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On the radar: NFIB small business jobs report showed qualified workers remain scarce in February

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.

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