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Hiring Cools, Wage Plans Pause, and Capital Spending Hits a 16-Year Low
The NFIB Small Business Employment Index fell for a second straight month and slipped below the 2025 average, with 87% of hiring owners saying few or no qualified applicants are showing up. Wage hike plans dropped to the lowest reading since July, with a net 18% planning to raise pay. And capital outlay plans hit 16% — the lowest reading since November 2009. Three stories, five minutes, done.
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By MainStreet MediaThe NFIB Small Business Employment Index fell for a second straight month and slipped below the 2025 average, with 87% of hiring owners saying few or no qualified applicants are showing up. Wage hike plans dropped to the lowest reading since July, with a net 18% planning to raise pay. And capital outlay plans hit 16% — the lowest reading since November 2009. Three stories, five minutes, done.