Small Business Owners Remain Uncertain After Election

NFIB

The NFIB Small Business Optimism Index declined 2.6 points in November to 101.4 but remains well above the 47-year historical average reading of 98. Six of the 10 Index components declined and four increased. The NFIB Uncertainty Index decreased 8 points to 90, still a historically high reading. Owners expecting better business conditions over the next 6 months declined 19 … [More]

Hiring Outlooks Continue to Improve For Q1, Though Pre-Pandemic Hiring Levels Will Take Longer to Return

ManpowerGroup

Employers in the U.S. report steadily improving hiring plans for Q1 according to the latest ManpowerGroup Employment Outlook Survey of more than 6,700 employers. The survey reveals employers are shifting their HR priorities for the long-term as a result of the pandemic with employee health & wellbeing, manager coaching and upskilling front and center for HR leaders. Key … [More]

Even in a Pandemic, Demand for Homes Remains Robust

inbusinessPHX.com

The coronavirus crisis has led to a surge in joblessness and economic uncertainty, but interest in homeownership across the country remains as strong as it was before the pandemic, according to the latest national index by professors at Florida Atlantic and Florida International universities. The Beracha, Hardin & Johnson Buy vs. Rent Index determines whether consumers … [More]

Household Holiday Recycling Impacts Availability of Consumer Paper Goods

Republic Services, Inc.

With consumers shopping online more than ever before, Republic Services is bracing for an influx of discarded packaging material during the holiday season and is asking consumers to make sure they are recycling materials correctly. There's significant need for recycled paper due to the unprecedented demand for household paper products and cardboard during the … [More]

November Employment Picture Bleak despite Rise of 245,000 Employed

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment rose by 245,000 in November, and the unemployment rate edged down to 6.7 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. However, the pace … [More]

Over Half of Small Businesses Looking to Hire, Having Difficulty Finding Workers

NFIB

Small businesses reported a historically high level of job openings in November, according to NFIB’s monthly jobs report. Overall, 53% reported hiring or trying to hire in November, down 2 points from the previous month. A seasonally adjusted net 21% of owners are planning to create new jobs in the next 3 months, up 3 points from October. “Small businesses are doing their … [More]

Weekly Jobless Claims Decrease Slightly, Economic Slowdown Looms

U.S. Department of Labor

In the week ending November 28, the advance figure for seasonally adjusted initial claims was 712,000, a decrease of 75,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 778,000 to 787,000. The 4-week moving average was 739,500, a decrease of 11,250 from the previous week's revised average. The previous week's average was revised … [More]

Small Businesses Need Our Help Here’s How to Support Local Businesses During This Holiday Season

by Edgar R. Olivo

By now you have probably heard many news stories about how the pandemic is crushing the economy, particularly hitting local small businesses the hardest. Small businesses have struggled during the coronavirus pandemic, but their owners hope the holiday shopping will boost their sales. Viviana O. started her business, JV Beauty Lashes, at the start of this year, just before … [More]

Why Housing Demand Will Likely Stay High for Years to Come

Zillow

Low rates of household formation since the Great Recession have caused 5.7 million "missing" households, a new Zillow® analysis finds. These missing households represent people who historically would have moved into their own home but have been unable or unwilling to do so, and should keep housing demand high for many years to come as the market catches up. Americans of … [More]

Gaining Momentum: Annual U.S. Home Prices Appreciated 7.3% in October, Says Report

CoreLogic

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for October 2020. Nationally, home prices increased 7.3% in October 2020, compared with October 2019, marking the fastest annual appreciation since April 2014. On a month-over-month basis, home prices increased … [More]

Workforce and Childcare

by Mike Hunter

It has been reported some parents here in the United States are using between 8% and 42% of their income to have their children cared for while they are at work. Recent studies collated by co-working specialists Instant Offices shows more than half of American parents are more concerned about childcare costs now than they were before the pandemic. While the cost of daycare … [More]

Customer Benefits Come from Credit Union Acquiring Bank

by Mike Thorell

Arizona Federal is the only Arizona-based credit union with SBA PLP status. We were able to obtain this designation through the acquisition of Pinnacle Bank just one year ago. Pinnacle was a community bank I was proud to stand up back in 2005. Arizona Federal had obtained the designation by exhibiting a successful track record of processing small business loans and by … [More]

Rising Weekly Unemployment Claims as Pandemic Surges, Taking Toll on Economy

U.S. Department of Labor

In the week ending November 21, the advance figure for seasonally adjusted initial claims was 778,000, an increase of 30,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 742,000 to 748,000. The 4-week moving average was 748,500, an increase of 5,000 from the previous week's revised average. The previous week's average was … [More]

Johnson & Johnson, Pfizer, and Merck Lost $3.5B in Combined YTD Revenue

AksjeBloggen.com

The coronavirus pandemic put enormous pressure on the healthcare industry, forcing pharmaceutical giants to roll out clinical trials for a COVID-19 vaccine at breakneck speed. At the same time, significant changes in demand, research and development processes, and regulation revisions amid the coronavirus crisis cut down revenues of the biggest players in the market and … [More]

How the Economic ‘Reset’ Can Work in Your Favor

inbusinessPHX.com

While news of vaccines on the horizon signal hope, some analysts think a sizable chunk of the U.S. economy has been damaged permanently by COVID-19, with more layoffs and business closures still to come in 2021. But to others, the future of a “new economy” in the post-COVID world is bright, opening doors for entrepreneurs, working professionals and small-to-medium business … [More]

Signaling a Recovery: U.S. Single-Family Rent Growth Gained Strength in September, But Still Below Pre-Pandemic Rates

CoreLogic

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across more than 20 metropolitan areas. Data collected for September 2020 shows a national rent increase of 2.5% year over year, down from a 3% year-over-year … [More]

Home Values Rising Faster than at Any Time since 2005

Zillow

A market defined by intense demand for relatively tight supply pushed month-over-month and quarterly home value growth to levels not seen since 2005, according to Zillow's® latest Real Estate Market Report[1]. Rent appreciation, meanwhile, is steaming ahead in many Midwest and Sun Belt cities while declining in major coastal metros. The high-demand market also meant more … [More]

Small Business Optimism Quarterly Industry Survey: Focus on Construction, Manufacturing, Retail, and Services Industries

NFIB

The NFIB Research Center released the latest quarterly Small Business Economic Trends Industry-specific survey. The survey highlights the construction, manufacturing, retail, and services industries. NFIB released previous reports in August and May 2020. “This year has been challenging for small business owners as they manage their businesses in a time when the COVID-19 … [More]

In Business Dailies

Sign up for a complimentary year of In Business Dailies with a bonus Digital Subscription of In Business Magazine delivered to your inbox each month!

  • Get the day’s Top Stories
  • Relevant In-depth Articles
  • Daily Offers
  • Coming Events