(The Center Square) – Facing labor shortages and challenges to find new revenue streams, small businesses appear to be hiring mostly temporary workers.
Alignable, a small business networking website, shows temporary hiring hit a new high this summer while full time hires have plummeted.
Casto added that small business employers are trying to boost sluggish revenues while dodging the added expenses of full-time staffers. The University of Illinois Flash Index, a measure of the state’s economy, rose slightly in July to 103.2. Any reading of the index above 100 indicates economic growth. According to the authors, the combination of moderating inflation and an unexpectedly strong second-quarter GDP growth rate of 2.4% has led to optimism for the economy.
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