Analysts and policymakers are confident the state of the economy is getting better. The reports about job openings are encouraging, and job openings have reached the highest percentage this past April since the year 2000. One of the concerns now is the ability of these business to fill such mention openings. The skill necessary businesses are looking for in candidates to fulfill their demands is not there, therefore businesses are still looking.
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U.S. job openings hit record high; small businesses upbeat
U.S. job openings surged to a record high in April and small business confidence perked up in May, suggesting the economy was regaining speed after stumbling at the start of the year.
The economy’s stronger tone was reinforced by other data on Tuesday showing a solid rise in wholesale inventories in April, in part as oil prices stabilized.
“This is more confirmation that the economy is indeed emerging from that soft patch in the first quarter and can still pick up even faster in the next few months,” said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.
American small businesses just gave us some more incredibly bullish news about the job market
The labor market is rolling.
On Tuesday, the National Federation of Independent Business, a conservative lobby group, released its latest small business report, which showed that its small business optimism index rose to 98.3 in May.
But the really positive part of the report isn’t the headline reading — though this did rise to a 5-month high — but the incredibly bullish commentary on the labor market.
The Importance Of Relationships In Scaling A Small Business
In my Forbes series The Insiders, I share the highs and lows associated with launching and scaling a small business, all through the chronological lens of our own experiences building VerbalizeIt.
In my most recent post, I discussed our fears of not being able to accelerate quickly enough during our time in the Techstars business accelerator program. The focus was on ensuring we had technically-inclined teammates to facilitate our growth.
Another critical component to our earliest successes was the non-teammate relationships we developed, most notably with our mentors, advisors, and advocates. These individuals contributed more to our early growth than we could have ever achieved on our own, resulting from their extensive experiences and network of relationships.
How do entrepreneurs find and convince the right advisors to take part in their journey?
