NFIB News Release (08/11/15)
The Small Business Optimism Index rose 1.3 points to 95.4 in July. After giving up over 4 points in June, the index clawed back 1.3 points in July, a familiar theme now, which has produced the most grudging gains in the index’s history—and still not above the 42 year average of 98.
Job creation was flat in July. Small-business owners added a net 0.05 workers per firm in recent months, better than June’s -0.01 reading, but still close to zero. Fifty-seven percent reported hiring or trying to hire (up 5 points), but 48% reported few or no qualified applicants for the positions they were trying to fill. Sixteen percent reported using temporary workers, down 2 points. Twenty-five percent of all owners reported job openings they could not fill in the current period, up 1 point, but 4 points below the highest reading for this year. A net 12% plan to create new jobs, up 3 points and reversing last month’s loss.
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.