Small Businesses Retain Workers at Record Pace This Month: NFIB

The video discusses the challenges businesses face in finding qualified workers, as highlighted by NFIB's surveys. The NFIB has been representing small businesses for 75 years and releases a monthly optimism index. The index showed a dip after a government shutdown but has since stabilized and is rising. Recent trends indicate records in worker retention and hiring, pointing to a tightening labor market. The primary business challenge remains finding qualified workers.

What organization has been representing small businesses for 75 years?

• NFIB

• SBA

• Chamber of Commerce

• Small Business Alliance

What significant event caused a dip in the optimism index?

• Natural disaster

• Government shutdown

• Economic recession

• Stock market crash

What trend has been observed in the labor market recently?

• Stagnation in hiring

• Decline in wages

• Increase in worker retention

• Decrease in job opportunities

What was a record set last month according to the speaker?

• Record for business closures

• Record for hiring

• Record for wage cuts

• Record for layoffs

What is identified as the single most important business problem?

• Finding a qualified worker

• High taxes

• Increasing competition

• Rising operational costs