Surge in Hiring by Small Business Complicates Fed’s Effort to Cool Economy

Elizabeth Trenbeath of Snelling Staffing in Lexington, S.C., holding paper, says she has been overrun with businesses seeking workers. A surge in hiring by American small businesses could run afoul of the Federal Reserve’s efforts to cool inflation . Small companies have been responsible for all of the job growth in the U.S. since the onset of the Covid-19 pandemic and account for almost four out of five available job openings, according to a Wall Street Journal review of labor data and an analysis by Jefferies.

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