NFIB Research Center Executive Director Holly Wade discussed NFIB’s November Small Business Economic Trends (SBET) survey in an interview with Bloomberg Markets. Wade highlighted the challenges faced by small business owners nationwide, including inflationary pressures, high interest rates, and the impact of the labor market. She emphasized that labor shortages and inflation remain significant concerns, but there has been some easing on the inflation front. Wade expressed surprise at a six-point increase in the number of small businesses planning to increase compensation, indicating the pressure owners feel to fill open positions. Industries face job opening challenges and slower sales, causing frustration for owners due to higher financing costs for credit cards and loans. Small businesses are reportedly investing in their operations, with capital expenditures reaching their highest level since February 2020, despite facing financing challenges.