45% of American Small Businesses Have Stopped Hiring as Inflation and Labor Costs Rise

45% of American Small Businesses Have Stopped Hiring as Inflation and Labor Costs Rise


Roughly 45% of small-business owners in the United States are pausing the hiring of new workers due to rising inflation and ballooning labor costs, per a report by Alignable

Bryan Jung of The Epoch Times noted that a similar survey, that was carried out from late June up until the middle of July, found similar results after surveying 4,739 small-business owners. Jung observed that this small business hiring slowdown comes at a time when 51% of small businesses are still attempting to find workers to bring onboard.

The Alignable report was published on July 21, which came after the latest release of the US Bureau of Labor Statistics (BLS) data. These new figures from the BLS showed consumer prices increasing by 9.1% over

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