Hiring on the rise

Category: Field Service Industry News

For the first time in three-and-a-half years, the nation's unemployment rate has fallen below 8 percent. This is good news for those seeking work, as well as small business owners looking to bring new employees on board.

The unemployment rate fell to 7.8 percent in September, with the economy adding 114,000 jobs. This is a significant change, as the rate has been ranging between 8 and 8.3 percent all year.

The industries that saw the most significant hiring were healthcare, transportation and financial services. Small business owners may be holding back on hiring a bit to determine how the fiscal cliff and upcoming presidential election will impact their companies, according to The New York Times.

Those running small enterprises may view the numbers as a positive sign that the economy is continuing to improve. Some who are seeing increased business but want to hold off on hiring until after the election may want to improve current employee productivity to drive sales and increase customer satisfaction. By investing in technology to grow a mobile workforce, using the latest industry software and technology and staying on top of recent trends, entrepreneurs can try to keep business flowing smoothly without adding new workers.