Small Businesses Have Improved Outlook And Increased Hiring
Posted on Friday, February 6, 2015
CNBC (2/6, Schoen) reports that the “improved outlook” of small businesses has showed up in ADP’s recent data, which indicated small businesses are “back in a hiring mood” with over 2 million more workers added to their payrolls last year. CNBC notes that the “bulk of the hiring is coming from services businesses,” though manufacturers like Marlin Steel are also hiring as it “booked its best revenues and profits since...1998.” The article notes that the improved job market has led to a “serious skills shortage,” making hiring more difficult, according to Marlin Steel owner Drew Greenblatt, which is “one reason he’s raised wages and is investing in training new hires.”
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