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Story perspectives

Small Businesses Struggle with Hiring Amid Labor Concerns

1/11/2025

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Summary

Story summary

In December, 35% of small business owners reported unfilled job openings, a slight decrease from November.
Only 29% increased compensation, marking the lowest rate since March 2021.
Labor quality remains a concern, with 19% identifying it as a primary issue.
Hiring plans are stable, yet 49% face challenges in finding qualified candidates.
The construction sector experienced a notable decline in job openings.

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Story summary

In December, 35% of small business owners reported unfilled job openings, a slight decrease from November.
Only 29% increased compensation, marking the lowest rate since March 2021.
Labor quality remains a concern, with 19% identifying it as a primary issue.
Hiring plans are stable, yet 49% face challenges in finding qualified candidates.
The construction sector experienced a notable decline in job openings.