Share of U.S. Small Businesses Boosting Compensation Hits Record
(Bloomberg) -- More U.S. companies are finally starting to boost wages as they grow more desperate to fill positions with qualified personnel in a tightening labor market.
The net share of small-business owners who said that they raised compensation in May climbed 2 percentage points to 35 percent, the highest in monthly records back to 1986, according to a National Federation of Independent Business report on Thursday. Transportation, communications, construction, manufacturing and financial services were among the industries with the highest increases in compensation.
With job openings at an all-time high, 23 percent of small-business owners cited the difficulty finding workers with the necessary skills and qualifications, the highest share since 2000.
The NFIB report was based on a survey of 562 respondents through May 25.
Twenty-nine percent of respondents said they have openings for skilled workers, the third-highest reading since 2000, according to the NFIB. Reports of job availability were most frequent in construction.
To contact the reporter on this story: Vince Golle in Washington at vgolle@bloomberg.net
To contact the editor responsible for this story: Scott Lanman at slanman@bloomberg.net
©2018 Bloomberg L.P.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
