Tight job market hits small business confidence

Originally Published on Markketplace.org

The monthly Job Openings and Labor Turnover survey showed that those job openings are at a record high. Another report — the NFIB Small Business Optimism Index — said small businesses optimism is at the lowest level in months.

Given that a big number of job openings might sound like an economy where business is booming, those two pieces of news might sound contradictory. But talking to the businesses themselves, it’s easy to see how businesses might be pessimistic.

One reason: It’s awfully hard to find workers these days.

“There was one point where I was hiring and set up a full day of interviews — I think I had about 14 to 16 interviews back to back,” said Emmeline Zhao, partner and general manager of Little Tong Noodle Shop in New York. “Only two people showed up.”

 

Continued

 

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