Reported about 1 year ago
In June, US small-business sentiment increased to a six-month high with the Small Business Optimism Index reaching 91.5, the highest level since December. Despite inflation worries and higher borrowing costs affecting capital investment growth, a net 22% of businesses plan to raise worker compensation in the next three months. Job vacancies persist in various sectors, with unskilled labor shortages on the rise. The labor market overall is easing due to restrictive monetary policies, while consumer prices are expected to see a slight increase in June. Small businesses are grappling with rising labor costs and capital expenditure constraints.
Source: YAHOO