In Dark Economic Days, New Homebase Data Shows Hiring Hope At the Local Level

▤ Summary

The rising rents and real estate costs that plague both consumer and business sectors, top the list of this group’s concerns as well. That said, while some of the country’s largest sectors and companies have announced layoffs, slowdowns, down rounds, and more, 92 percent of local business owners anticipate they’ll continue to hire. • Yet while there’s optimism for the coming year, there was a decline in the number of job postings in June, suggesting that recent market volatility may be causing employers to reel in hiring efforts and make fuller use of their current resources in the near-term. Nearly 18 percent of owners ranked the possibility of hiring new workers with better skills as one of their top business opportunities this year. “As Americans are hungry to gather and travel, the quality of these real-life connections relies on the service and skill of the teams on the ground to entertain, host, and serve.” IRL* Economy Consistent with pre-COVID trends, entertainment and hospitality businesses are surging in the summer, as summer travel returns to pre-COVID levels and Americans are eager to gather *in real life: • The number of employees working in Entertainment (up 21 percent) and Hospitality (up 13 percent), resemble the same period in 2019 before the pandemic.

▦ Linked Companies

Homebase

$1M to $5M