Hiring to Grow Your Business in a Tight Labor Market

August 8, 2022

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The U.S. economy is thriving. The latest jobs report shows 100 straight months of increased employment—and while this is great news, it presents unique challenges for small business owners (SBOs), especially when it comes to hiring new employees and retaining current team members.

While many small businesses are poised to grow as a result of the economy, only 29 percent are looking to hire, according to Capital One’s latest Small Business Growth Index. That’s down from 33 percent six months ago, and SBOs who aren’t looking to hire say it is due to…read more