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In August, U.S. employers added more jobs than expected, as nonfarm payrolls rose by 142,000, yet experts caution that the labor market continues to cool. While the recent gains signal some resilience, the softening job openings and moderating wage growth suggest it may be harder to expand despite improved employee retention.
Click here to read the report, and click here to read Inc.’s explanation of how high interest rates and labor market softening are affecting small business owners.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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