Small business profits sink as gasoline prices soar

May 20, 2026 · 8:50 AM UTC · 0 reactions · 0 comments · 12 views

Small business profits are sinking as owners get squeezed by rising labor costs and energy prices spiking from the Iran war. Why it matters: Businesses with fewer than 250 workers created half of all new jobs over the last half-decade. The big picture: Entrepreneurs are dealing with "persistent concerns around labor availability, inflation and uncertainty about the economic outlook," according to a new report from the Bank of America Institute. Zoom in: Small business profitability in April suff

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Small business profits sink as gasoline prices soar

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