Sep 06, 2024
BISMARCK, ND (KXNET) — Across the nation, small business owners have struggled filling their openings over the past month. The National Federation of Independent Business (NFIB) released its August jobs report, which showed that about 40% of small business owners had openings they couldn't fill last month. Additionally, the report says the top small business operating problem continues to be labor quality. North Dakota's NFIB State Director discussed how this issue affects the Peace Garden State. "The NFIB Jobs Report reveals small businesses in North Dakota are struggling with a lack of qualified workers,” said NFIB North Dakota State Director Don Larson. “It’s vital that we continue to invest in workforce training and development initiatives to prepare our residents for these opportunities, ensuring our economy continues to thrive." Sluggish US jobs report clears the way for Federal Reserve to cut interest rates 12,744 jobs were posted in North Dakota in August, a 3.3% decrease from July. Throughout the country, 62% of small business owners reported that they tried to hire in August, but 90% of those who tried to hire say there were few or no qualified applicants for the positions they needed filled. Job openings were highest in transportation, construction and manufacturing, and lowest in agriculture and finance. When it comes to pay, 33% of small business owners said they raised compensation in August. In the next three months, 13% of owners plan to create new jobs, and 20% plan to raise their employees' pay. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Today's Top Stories SIGN UP NOW
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