Half of U.S. mom-and-pop businesses handed out raises during the Omicron labor shortage

Half of all small-business owners gave raises to employees in January, the highest number in 48 years, fueled by the Omicron variant slamming the labor market.

An additional 27% of small businesses plan to raise worker compensation within the next three months, according to a Thursday survey from business advocacy group the National Federation of Independent Business. READ MORE