Over 33% of U.S. Small Businesses Raised Prices, Hiring Plans Hit 6-Year Low
Updated
Updated · Democrats.org · Jun 11
Over 33% of U.S. Small Businesses Raised Prices, Hiring Plans Hit 6-Year Low
1 articles · Updated · Democrats.org · Jun 11
Summary
More than a third of small business owners said they raised prices last month, the highest share since 2023, according to new National Federation of Independent Business data.
Hiring plans weakened at the same time, with the share of owners intending to create new jobs falling to its lowest level in six years as costs for food, utilities, gas and building materials climbed.
The report said uncertainty for local firms continued to rise while small-business optimism slipped further below its 52-year average.
State and national reports cited in the release described shrinking profits, fewer job openings and closures from Virginia and Colorado to Florida, alongside pressure from shipping, labor and fuel costs.