45 Percent of US Small Businesses Freeze Hiring Amid Soaring Inflation, Labor Costs

Save
45 Percent of US Small Businesses Freeze Hiring Amid Soaring Inflation, Labor Costs
A waiter works at a restaurant in Alexandria, Virginia on June 3, 2022. Olivier Douliery/AFP via Getty Images
Bryan Jung
Updated:
0:00
About 45 percent of small-business owners in the United States are freezing the hiring of new workers because of high labor costs and skyrocketing inflation, according to the Alignable July Hiring Report.

A competing survey, conducted from late June through mid-July, came up with similar results, interviewing 4,739 small-business owners.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics