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US small-business owners raise pay to lure workers


A RECORD share of small-business owners in the US say they’re raising overall pay to attract workers and retain employees amid one of the tightest labour markets in decades.

A net 37% of firms report offering higher compensation in September, surpassing the previous record of 35% in May, according to the monthly jobs report from the National Federation of Independent Business (NFIB) released last Thursday.

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