Small businesses struggle to hire as workers seek higher pay at large firms

Small and midsize businesses remain eager to hire, but some workers are likely seeking higher pay at larger firms.

Smaller employers posted the most job openings in February, but filling roles has been challenging.

Small businesses with 20-49 workers actually cut 11,000 jobs in March, the only group to shed positions.

Many workers across the economy are seeing wages rise faster than inflation, especially those who switched jobs.

High interest rates present added challenges for small businesses trying to recruit amid labor shortages.