Your Money Minute Small Business Hiring Changes 6/26/25
Jun 26, 2025
Discover the latest trends in small business employment as the podcast examines shifts in hiring and wages. It reveals how the labor market is becoming stagnant, with fewer job switchers experiencing pay increases. Learn about the impact of pandemic-era wage inflation on today’s hiring practices and the overall hiring or layoff activities that are surprisingly minimal. Tune in for a concise look at how these changes are redefining the business landscape!
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Small Businesses Slowing Wage Increases
- Small business owners have slowed wage increases compared to pandemic times.
- Changing jobs among small businesses no longer guarantees big pay raises.
Job Switching Pays Less Now
- Job switchers now see smaller pay raises than a year ago, even between small businesses.
- This suggests the job market's wage inflation is cooling off significantly.
Small Businesses Are Frozen
- Small businesses currently remain cautious and stable, neither hiring aggressively nor cutting jobs.
- This freeze indicates uncertainty or wait-and-see attitudes in small business labor markets.