MarketWatch (05/28/15) Jeffry Bartash
Although more people applied for unemployment benefits in late May, most employees have job security. Employers are laying off the fewest number of employees since the government began keeping track several decades ago. Indeed, many employers say they cannot find a sufficient number of skilled job applicants and they are reluctant to lay off experienced personnel. Some are increasing salaries to attract skilled employees.
That said, the labor market hasn’t fully recovered from the recession. Approximately 17 million people who want full-time jobs can’t find one; 17 million is an unusually high number nearly seven years after a recession. Furthermore, the percentage of able-bodied people age 16 or older in the workforce is at the lowest level since the late 1970s.
Exclusive Guide From Gibraltar—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.