As Christmas shopping begins, small business confidence remains at a near-record high. A National Federation of Independent Business (NFIB) survey credits a strong labor market, high profit trends, and historically low inflation for that high confidence. This survey is taken monthly, looking at the practices of small businesses nationwide, and is considered to be a reliable indicator of hiring and wage trends across the country.
Additionally, wages in October rose at the fastest rate we’ve seen in nearly a decade. We can all be glad about this great news for Americans who are looking for jobs and those seeking better jobs and higher pay.
Yours in service,
Member of Congress