The delta variant hasn’t significantly altered the outlook of America’s small businesses, but the conditions that the Main Street economy is operating under as it attempts to fully reopen are weighing on business owners across the country.
Half of small business owners (50%) say it’s gotten harder to find qualified people to hire compared to a year ago, according to the Q3 2021 CNBC | Momentive Small Business Survey. Almost one-third (31%) say they have open roles they have not been able to fill for at least three months, up from 24% last quarter and 16% in Q1 2020.
The labor situation has resulted in 41% of small business owners saying they are currently experiencing a rising cost in wages, according to the new CNBC | Momentive survey, which was conducted between July 26 and August 3 among over 2,000 small businesses across the U.S.
“It turns out that revving the economy back up after months of shutdowns, layoffs, and work-from-home…