US Small Business Hiring Plans Hit Lowest Since May 2020
Only 9% of small business owners plan to hire in the next three months, the weakest reading since May 2020 and well below the historical average, signaling a softening labor market.
A new survey shows U.S. small business hiring intentions have dropped to their lowest level since May 2020. Just 9% of owners plan to add staff over the next three months.
This figure falls well below the historical average, pointing to a notable cooling in labor demand from the small business sector. The data suggests the broader labor market is softening as hiring plans contract sharply.
Source: First Squawk