I have asked that question of many small business owners and get several responses. Most commonly concerns regarding labor lead the list. I’m not speaking in terms of union type labor issues. I am talking about the ability to attract and retain good employees. Labor is often the biggest business issue.
While some would say that they are two separate and slightly related issues, I would suggest that they are the same issue viewed from different perspectives.
Depending on your source, the unemployment rate in the specific locations I do most of my business range from slightly above 2% to slightly above 3%. Not enough to really make a difference. This means the available labor pool is: