Our Gold Guy
No Result
View All Result
Monday, March 27, 2023
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
Our Gold Guy
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
No Result
View All Result
Our Gold Guy
No Result
View All Result
Home Business

The State of the Small Business: Hiring Problems, Inventory Shortages, and Big Price Increases

by Alt Market
August 11, 2021
in Business
The State of the Small Business_ Hiring Problems, Inventory Shortages, and Big Price Increases

This article was written by Wolf Richter and originally published at Wolf Street

Small businesses are tough. Many disappear quietly. Hiring is an issue. Due to the limited resources, small businesses have trouble competing with large corporations in terms of pay, benefits, glitzy workplaces, and LinkedIn glamor. But in the current era of the Stimulus Good Times with its huge kinks, labor issues hit records – the weird phenomenon of 13 million people claiming unemployment compensation while companies are having trouble hiring.

In addition to a slew of labor issues, small businesses face inventory shortages. And they responded to the challenges where everything costs more – including their labor – by raising prices in record numbers, according to data from the NFIB, the largest trade organization in the US for small businesses.

Of the small businesses, 46% reported that they had job openings in June that couldn’t be filled, the second highest in the NFIB’s data going back to 1986, just below the record in May:

Plans to increase employment over the next three months rose to a new record in June. The employment index tracks the percent of owners who plan to “increase” staff minus those who plan to “decrease” staff over the next three months:

IRA BERSHATSKY LOVES AMERICA – Most precious metals companies are run by wokesters. Ira’s is not. He is unabashedly AMERICA FIRST and can help you move wealth or retirement to physical precious metals with a gold or silver IRA, or just get metals discreetly shipped to your door. Contact him now.

And they have been raising compensation. In June, the compensation index jumped to an all-time high. The index tracks the net of increases minus decreases over the past three months. It shows that small business owners are straining to add and retain staff:

The top problem that owners said their businesses faced was the “quality of labor” they were able to attract.

Over half of the owners said that they get “few or no qualified applicants” for the job openings they have. For small businesses, this issue is always high in hot labor markets, but it’s much less of an issue when then the labor market tanks sending high-quality labor looking for jobs.

The difficulties small businesses have in retaining and adding staff, given the aggressive hiring practices by larger companies that a small business might not be able to compete with, is shown in the index for actual net increases of employment, which has remained slightly negative for the past two months, as these businesses are even having trouble hanging on to their staff:

And small businesses have raised their prices over the “past three months” at a pace that spiked far beyond all prior periods in the data going back to 1986. The survey data doesn’t extend back to the high-inflation days of the late 1970s and early 1980s, so we lack that reference. But this is huge:

And it’s going to get bigger: A record portion of small businesses are still planning to raise their prices over the “next three months”:

Small businesses, more often than not, carry more inventory than they want, and inventory being “too low” is generally not a big issue, according to the NFIB data. But this changed radically in June last year, when this metric began spiking to hit a new all-time record in June this year:

Owners of small businesses are feeling fairly optimistic overall, with the NFIB’s Optimism Index at 102. While down from the peak periods of optimism in the 107 range, it’s up a bunch from 91 during the dark days in April 2020, and from 81 during the low of the Financial Crisis in March 2009.

The Biden Regime and Globalists Don’t Want You Owning Precious Metals

Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.

Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.

Fill out the form here and we will schedule a precious metals consultation with Our Gold Guy, Ira.

Schedule a Precious Metals Consultation Today:

Tags: Alt MarketEconomyFinanceMoneySmall BusinessTop StoryTrends


Learn more about RevenueStripe...

Bypass Big Tech Censors



Our Gold Guy



MyPatriotSupply


Apple

Check Out This BIG List of “Woke” Companies to Boycott

March 27, 2023
Silicon-Valley-Bank-Collapse-01

FDIC Disguises Bailout as “Purchase” as First Citizens Bank “Buys” Silicon Valley Bank

March 27, 2023
Central Bank Digital Currencies

Why Crashing Banks Will Usher in Digital Currency

March 27, 2023

Recent News

Apple

Check Out This BIG List of “Woke” Companies to Boycott

March 27, 2023

Search

No Result
View All Result

Site Navigation

  • Home
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics

About Our Gold Guy

This site is dedicated to helping Americans learn more about the economy, business, and politics. Our nation is in turmoil on all three fronts. We want to make a difference.

© 2021 NOQ Report

No Result
View All Result
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us

© 2021 NOQ Report

Session expired

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

>