Small Business Hiring Woes Ease as U.S. Economy Remains Strong
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In January 2024, small businesses in the United States continue to face challenges in the labor market and regulatory landscape. During the CO— Small Business Update event, Neil Bradley, Executive Vice President, Chief Policy Officer, and Head of Strategic Advocacy at the U.S. Chamber of Commerce, discussed the current state of the U.S. labor workforce. The U.S. unemployment rate is at 3.7%, leading to recruitment and staffing shortages for small businesses. Factors such as the COVID-19 pandemic, early retirements, and generational shifts have contributed to the smaller applicant pool .
To address the labor shortage, Bradley suggested that small businesses prioritize legal immigration to add more workers to the workforce. He also emphasized the importance of leveraging the natural benefit...
#newstr #SmallBusiness #Employment #Hiring #Economy