Hiring by U.S. businesses has dropped to the lowest level in 7 years in Q3 this year. Are you trying to find the right merchant services and get a merchant cash advance so to grow your business successfully? No need to worry. This article is here to help you with all this.
Sales vs Hiring:Get a Merchant Cash Advance
The U.S. economy is moving forward with lowers steps and is anticipated to do so in the upcoming 12 months, according to KPMG.
Just 1/5 of the economists having participated in a survey by the National Association for Business Economics note their companieshired new employees during the last 3 months. In fact, this is down from 1/3 in July. Job totals didn’t register any changes at 69% of companies, which was an increase from 57% in July.
Slow hiring may also be caused by the 50-year low unemployment rate and by the fact that lots of companies are trying to find enough employees. What about your own company? Do you need to add new employees to your staff? Are you seeking the most reliable merchant services provider to get a merchant cash advance?
This can be of no challenge if you work with a reputable alternative online lender that specializes in your space. In fact, this is the fastest access to the business financing you need. Make sure to get the lowest possible rates and fees.
Slow Sales, Slow Hiring
Only 39% of economists state they grew in the last 3 months. That figure is down from 61% from the previous year. Just 38% of economists state they anticipate growth in sales in the upcoming 3 months, which is also down from 61% from the previous year.
2/3 of the economists having participated in the poll expect the economy will rise by 1.1%- 2% from the Q3 of 2019 through Q3 of 2020. In 2018, about ¾ of them projected the growth would make up 2.1%-3% from Q3 2018 through Q3 2019.
To sum up, U.S. companies’ hiring has dropped to the lowest point over the past7 years. The number of employers willing to offer higher pay has decreased.
Author Bio: Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of business owners get merchant cash advance solutions. He’s experimented with various occupations: computer programming, dog-training, scientificating… But his favorite job is the one he’s now doing full time — providing business funding for hard working business owners across the country.