Fewer raises at small companies

(Image: Getty)

Sun, 08 Jun 2025

By James FreemanThe good news for consumers is that wage inflation has been falling at small US firms. The bad news for workers is that raises have been getting harder to come by in a weakening labour market. That’s according to the latest monthly employer survey from the National Federation of Independent Business (NFIB), which came out on Friday.NFIB chief economist William Dunkelberg reports on the small firms participating in the survey: "Seasonally adjusted, a net 26% reported raising compensation, down 7 points from April...

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