May Main Street Health Report: Small Businesses See Robust Hiring Activity Unlike Broader Economy
Little business activity was up Again In Can, as THE number of employees functioning (+1%) And hours work (+1.9%) increase And carried out slightly better that THE last year
With stable growth through Main Street, hourly workers are feeling more content, with 4 out of 5 saying they are happy with their jobs. Concerns around inflation And non-work stress decreases by 6% And 5%, respectively.
Outstanding tendencies This month:
While wages are always important has hourly workers, non-monetary criteria as flexible work environments And relationships with coworkers are key factors In determine Or they work. As turnover checked up 11.7% In Can m/m, SO did hiring activity (+6.0%), with little companies hiring additional workers potentially waiting A increase In request Summer East here! Outside companies are growth. THE North region East growth.2024 business activity watch panels of recovery In growth
Subtitle : THE beginning of summer seems has draw slightly upper earnings In job activity that last year.
Employees working
(Monthly change In 7 days average, relative has January 2024)
Hours worked
(Monthly change In 7 days average, relative has January 2024)
Note: Data compared rolling 7 days averages For weeks encompassing THE 12th of each month.april 2023 data encompasses subsequent week has account For Easter vacation. Source: Base of attachment data.
Midwest, Northeast, And Western States conduct growth
From South States seem has to have slow motion down, which East consistent with model seen This time last year
To go out by Region
Month after month change In heart economic indicators, by Census region
Note: April 7-13 against. Can 12-18. Region classification – Midwest: ND, SOUTH DAKOTA, BORN, KS, M.N., AI, MO, WI, HE, IN, OH, MID; West: NV, UTAH, AZ, New Mexico, CO, WYOMING, MT, IDENTIFIER, OR, WASHINGTON, CALIFORNIA, HI, AK; Northeast : NEW YORK, PENNSYLVANIA, NEW JERSEY, CT, RI, MY, NH, VERMONT, ME; South East : MS, AL, TN, KY, NC, SC, GEORGIA, FL; South West : TX, ALL RIGHT, AR, THERE. Source: Base of attachment data
Outside companies are booming, similar has last year
Foot traffic East conduct A particularly hot period For Entertainment, Hospitality, And Home & Repair companies
Little companies In THE Hospitality (+5.4%), Entertainment1 (+8.7%), And Home & Repair (+4.7%) sectors outperformed seasonal expectations In Can, continue recent trend
THE Retail And Food & Drink Industries Also saw increase work activity, but not enough has THE level of Before years.
Percent change In employees working
(Mid-May against. half April, using Jan. '22, Jan. '23, And Jan. '24 baselines)
No salary growth In May
Entertainment has seen THE the steepest decline, However, he aligned with last years model
Avg. salary ...
Little business activity was up Again In Can, as THE number of employees functioning (+1%) And hours work (+1.9%) increase And carried out slightly better that THE last year
With stable growth through Main Street, hourly workers are feeling more content, with 4 out of 5 saying they are happy with their jobs. Concerns around inflation And non-work stress decreases by 6% And 5%, respectively.
Outstanding tendencies This month:
While wages are always important has hourly workers, non-monetary criteria as flexible work environments And relationships with coworkers are key factors In determine Or they work. As turnover checked up 11.7% In Can m/m, SO did hiring activity (+6.0%), with little companies hiring additional workers potentially waiting A increase In request Summer East here! Outside companies are growth. THE North region East growth.2024 business activity watch panels of recovery In growth
Subtitle : THE beginning of summer seems has draw slightly upper earnings In job activity that last year.
Employees working
(Monthly change In 7 days average, relative has January 2024)
Hours worked
(Monthly change In 7 days average, relative has January 2024)
Note: Data compared rolling 7 days averages For weeks encompassing THE 12th of each month.april 2023 data encompasses subsequent week has account For Easter vacation. Source: Base of attachment data.
Midwest, Northeast, And Western States conduct growth
From South States seem has to have slow motion down, which East consistent with model seen This time last year
To go out by Region
Month after month change In heart economic indicators, by Census region
Note: April 7-13 against. Can 12-18. Region classification – Midwest: ND, SOUTH DAKOTA, BORN, KS, M.N., AI, MO, WI, HE, IN, OH, MID; West: NV, UTAH, AZ, New Mexico, CO, WYOMING, MT, IDENTIFIER, OR, WASHINGTON, CALIFORNIA, HI, AK; Northeast : NEW YORK, PENNSYLVANIA, NEW JERSEY, CT, RI, MY, NH, VERMONT, ME; South East : MS, AL, TN, KY, NC, SC, GEORGIA, FL; South West : TX, ALL RIGHT, AR, THERE. Source: Base of attachment data
Outside companies are booming, similar has last year
Foot traffic East conduct A particularly hot period For Entertainment, Hospitality, And Home & Repair companies
Little companies In THE Hospitality (+5.4%), Entertainment1 (+8.7%), And Home & Repair (+4.7%) sectors outperformed seasonal expectations In Can, continue recent trend
THE Retail And Food & Drink Industries Also saw increase work activity, but not enough has THE level of Before years.
Percent change In employees working
(Mid-May against. half April, using Jan. '22, Jan. '23, And Jan. '24 baselines)
No salary growth In May
Entertainment has seen THE the steepest decline, However, he aligned with last years model
Avg. salary ...
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