A record 48% of U.S. small business owners said they raised compensation in December and nearly a third said they plan to do so in the coming months, the National Federation of Independent Business said Jan. 6.
January 6, 2022Small Business
Government, Business
Shoppers carry shopping bags as the walk past a sale sign on Powell Street in San Francisco. (David Paul Morris/Bloomberg)
Record Share of US Small Businesses Raised Wages in December
Shoppers carry shopping bags as the walk past a sale sign on Powell Street in San Francisco. (David Paul Morris/Bloomberg)
Business
Pedestrians passes a sign that reads "Please Support All Small Business" outside a store on the boardwalk in Ocean City, NJ. (Gabby Jones/Bloomberg)
Half of Small Businesses Have Unfilled Positions
Pedestrians passes a sign that reads "Please Support All Small Business" outside a store on the boardwalk in Ocean City, NJ. (Gabby Jones/Bloomberg)
Government, Business
President Joe Biden signs the PPP Extension Act of 2021 on March 30. (Evan Vucci/Associated Press)
Small Business COVID-19 PPP Runs Out of Money
President Joe Biden signs the PPP Extension Act of 2021 on March 30. (Evan Vucci/Associated Press)
The Small Business Administration said May 5 that the Paycheck Protection Program has been exhausted, after giving out nearly 10.8 million loans worth more than $780 billion since April 2020.
May 5, 2021
Government, Business
Senate Majority Leader Chuck Schumer of New York holds a news conference March 25. (Jonathan Ernst/Pool via AP)
Senate Extends PPP Deadline by Two Months
Senate Majority Leader Chuck Schumer of New York holds a news conference March 25. (Jonathan Ernst/Pool via AP)
WASHINGTON — The Senate on March 25 passed a bill to extend the deadline for business owners to apply for forgivable loans through the Paycheck Protection Program, giving applicants two more months to apply for federal aid. The vote was 92-7.
March 25, 2021
Government, Business, Safety
Small business stand temporarily closed in Portland, Ore., on June 17. (Rebecca Smeyne/Bloomberg News)
Small Businesses Mull Job Cuts After Aid Runs Out
Small business stand temporarily closed in Portland, Ore., on June 17. (Rebecca Smeyne/Bloomberg News)
At least 1 in 10 small businesses in the U.S. are expecting to lay off workers once their fiscal relief funds run out, according to a new survey.
June 23, 2020
Government, Business
Treasury Secretary Steven Mnuchin speaks about the coronavirus on April 13 while President Trump looks on. (Alex Brandon/Associated Press)
Trump, Congress Near Deal on Small Business, Hospital Aid
Treasury Secretary Steven Mnuchin speaks about the coronavirus on April 13 while President Trump looks on. (Alex Brandon/Associated Press)
The Trump administration and Congress expect an agreement April 20 on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.
April 20, 2020
Business
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Smaller Share of US Small Businesses Unable to Fill Positions
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U.S. small businesses found it a little easier to fill jobs in December, consistent with a moderating, yet still-robust, labor market, National Federation of Independent Business data showed Jan. 9.
January 9, 2020
Government, Business
A cashier rings up a purchase at a store in Salem, N.H. (Elise Amendola/Associated Press)
Businesses Face New Overtime Rules in New Year
A cashier rings up a purchase at a store in Salem, N.H. (Elise Amendola/Associated Press)
NEW YORK — The new year brings new overtime rules for employers including small businesses and in turn, a pay raise for an estimated 1.3 million workers.
December 23, 2019
Government, Business
An American flag is displayed on the factory floor at the Holley Performance Products Inc. manufacturing facility in Bowling Green, Ky. (Luke Sharrett/Bloomberg News)
Share of Small Businesses Planning Higher Pay Nears Record
An American flag is displayed on the factory floor at the Holley Performance Products Inc. manufacturing facility in Bowling Green, Ky. (Luke Sharrett/Bloomberg News)
As a tight labor market makes filling positions more difficult, 26% of U.S. small-business owners plan to increase pay in coming months, the most since a record in 1989, according to a National Federation of Independent Business report out Dec. 5.
December 5, 2019
Government, Business
Houses in a Brandon, Miss., neighborhood. Many small companies tied to the housing market are seeing a slowdown in business, one that could continue into 2020. (Rogelio V. Solis/Associated Press)
Rising Home Prices, Falling Sales Hurt Small Businesses
Houses in a Brandon, Miss., neighborhood. Many small companies tied to the housing market are seeing a slowdown in business, one that could continue into 2020. (Rogelio V. Solis/Associated Press)
NEW YORK — Many small companies tied to the housing market are seeing a slowdown in business, one that’s forecast to continue well into 2020.
October 28, 2019