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10-Q: Q3 2024 Earnings Report
10-Q: Quarterly report
The labor shortage is getting worse: half of the small businesses in the United States do not recruit enough people, and more than 40 percent of the small businesses are forced to raise wages.
Fifty per cent of small business owners in the US reported job openings in August, an all-time high, the National Alliance of Independent Enterprises (NFIB) said on Thursday. The proportion of small businesses that do not hire enough workers is the highest since records began in 1986, up one percentage point from 49 per cent in July, according to NFIB. In addition, 41 per cent of small business owners said they had raised wages to attract workers, an all-time high. Bill Dunkelberg, chief economist of NFIB, said in a statement: "the owners raise wages in order to attract workers, and these costs are positive."
The Bank of Korea left the key interest rate unchanged at 0.5%, in line with expectations.
The central bank of Korea left its key interest rate unchanged at 0.5%, in line with market expectations. Last year, the Bank of Korea cut interest rates by 75 basis points.
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