Wall Street Journal (06/10/14) Josh Zumbrun
The number of U.S. job openings rose to 4.5 million in April, a seven-year high, according to the U.S. Department of Labor’s job-openings and labor-turnover survey. Meanwhile, the rate of layoffs was 1.2% and the quit rate was 1.8%, both flat from a month earlier. However, the pace of hiring has been sluggish. Some 4.7 million workers were hired in April, the same number as in March. Prior to the 2007-09 recession, hiring often topped five million a month. Some economists speculate that unemployed workers may lack the skills companies are looking for or that companies may be discriminating against the long-term unemployed.
From Gibraltar: Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.