It appears as if small businesses in the United States (firms with fewer than 50 employees) are finally ramping up hiring. Experts believe this is because of more optimism among as well as economic recovery, although the unemployment rate is still at nine percent.
Whereas a year ago at this time we were losing thousands of job monthly, ADP data reported 100,000 jobs in February. There were 101,000 in January, and December as well. ADP is a payroll processor that reported the data on March 4th.
Small businesses defined as firms with fewer than 50 employees, started hiring in January 2010 and have been adding jobs consecutively for the last 12 months, according to ADP, which released its most recent report on Wednesday.
46 percent of the 217,000 jobs were added by small businesses last month -- most of which are labor and/or service-intensive. These small businesses need cash to sustain, and to hire employees, pay their bills and continue to grow, so one tactic that we are seeing is more businesses using invoice factoring. Factoring companies have seen an increase in new small business customers, in addition to those why discovered factoring long ago -- many of which use it as a business strategy.
#smallbiz #nonprofit
No comments:
Post a Comment