3 Things You Should Know About Small Business: April 8
NEW YORK (TheStreet) -- What's happening in small business today?
1. The March jobs number kinda sucked. Is there hope for small businesses? Nonfarm payrolls rose by a disappointing 88,000 last month and the unemployment rate remained at 7.6%, according to a Friday data release by the Bureau of Labor Statistics. the numbers were far below analysts' expectations and further solidifying the perception that it's still tough to find a job.
So what did it mean for small businesses? The National Federation of Independent Business said last week that employment at the nation's smallest businesses rose by 0.19 workers per firm last month -- the "fourth straight month in which employment grew and the highest reading since March 2012," Reuters said.
2. Start a business in consumer health technology. Inc.com gives a great briefing on business opportunities in health care. Given the surging cost of health care, a number of companies are fusing health care product development along with technology by coming up with consumer-focused health care apps, everything from fitness apps to glucose monitors "that aim to help consumers take control of their health and cut their costs."
Even the most intimidating areas, like cancer screening, is on the table. Investors are interested and so are strategic buyers, Inc.com says. But the maze of regulations and FDA approval can be a deterrent to startups.
3. Hire your summer workers now. The job market may still be tough, but spring is the time to start prepping for seasonal business -- and seasonal hires, according to QSR Magazine .
Nearly one-fifth of hiring managers across industries plan to hire more season staff this summer, according to a staffing survey cited by QSR.
Hiring managers expect to add 30 seasonal workers, on average, up 10% from the previous summer, while average hourly wages will also rise for the first time in two years, to $11.50 from $10.90, the article says.
-- Written by Laurie Kulikowski in New York.
To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.
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