Roughly 50 percent of small businesses in the U.S. reported unfilled positions in August, a one percent increase from July and the largest since 1986.
Ninety-one percent of small-business owners say there were "few or no qualified applicants for open positions" in August.
Forty-one percent of small-business owners said they've raised compensation. In addition, a "record 32%" of small business-owners said they plan to add payrolls in the coming months, Bloomberg reports.
"Owners are raising compensation in an attempt to attract workers and these costs are being passed on to consumers through price hikes for goods and services, creating inflation pressures," said Bill Dunkelberg, NFIB chief economist.
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