Economics
A Record 51% of US Small-Business Owners Had Vacancies in May
Photographer: Gabriela Bhaskar/Bloomberg
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More than half of US small-business owners said they had open positions they could not fill in May, matching the record set in September and highlighting persistent hiring difficulties for firms in an extremely tight labor market.
Fifty-one percent of firms had vacancies last month, up four percentage points from April, according to data out Thursday from the National Federation of Independent Business. A near-record 49% of small-business owners said they raised compensation.