Main street workers join 'big stay'

Context For September: September saw strikes through THE country And through Industries. Screenwriters, car workers, actors, And health care workers fought For better pay And job terms.

This come in the middle of peak interest rates And A narrowly avoided government close. But what is this event on Main Street?

In the middle of several strikes, A close government close And high interest rates, Main Street companies grappling hook with their own unique realities on the ground. September saw rising wages, New York City flood, And seasonal slowdowns. Base of attachment look for has to understand how THE wider economic environment East affecting little companies And their employees during THE END of T3 by Analyzing behavioral data Since more that two million employees functioning has more that A hundred thousand SME.

Main Street has A glance:

Hourly workers join THE "Big Stay"- opt has stay In their jobs For longer- as wages gets up, employee turnover takes A dive, And optimism on future jobs declines.

More, last weekends extreme precipitation And flood hit New York City SMEs hard. But THE very following day, these difficult teams were back In business has almost normal levels.

New And remarkable:

Main Street worker wages continued has increase In September, despite A decision by THE Federal Reserve Bank has break interest rates, as inflation appears has cool. Most Industries saw A seasonal soak In employees functioning In September, However Hospitality And Entertainment has A lesser rate that Before years. Foot traffic For little companies In new York abandoned on THE weekend, as heavy precipitation cause severe flood, resulting In A State of emergency.

Persistent salary growth continued In September on Main Street

All summer salary inflation continued For workers. Work costs pink as the owners continued has invest In attract And retain teams in the middle of inflation uncertainty.

Avg. salary changes, m/m

Monthly change In average hourly wages through all jobs

Note: Data measures average hourly wages For Locations that used Base of attachment has pay employees In both September 2022 And September 2023. Total understand Industries not represented here. Source: Base of attachment Pay data.

SMEs saw seasonal September slowdown

Hours work saw A steeper decline that employees functioning, signage workers received less hours as summer ends And foot traffic falls.

Employees working

(Monthly change In 7 days average, relative has January of reported year)

Hours worked

(Monthly change In 7 days average, relative has January of reported year)

Data compared rolling 7 days averages For weeks encompassing THE 12th of each month; April data encompasses THE subsequent week has account For Easter vacation. Source: Base of attachment data.

Less employees work In September, In double with waiting

Most Industries saw A seasonal soak In employees functioning, However Hospitality And Entertainment saw A more muted decline In 2023 that Before years.

Both Hospitality¹ and Saw Entertainment² A seasonal decline In employees functioning In September, but has A lesser rate that previous years (-12.7% And -18.2%, respectively).

Through both Industries, less recruitment up early In THE summer supposed A softer declines In September. Although, Entertainment saw A more pronounced change In ...