Curated News
By: NewsRamp Editorial Staff
February 15, 2024
New Survey Reveals Alarming Trends in Small Business Economy
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- Employees working multiple jobs reveals opportunity for employers to attract top talent.
- The Freedom Economy Index surveyed 80,000 small businesses, revealing trends in job hopping and business relocations.
- The data sheds light on the challenges faced by small businesses and their employees, highlighting the need for economic support and stability.
- The findings provide insight into the current state of the economy, including job market trends and small business challenges.
Impact - Why it Matters
The findings from the Freedom Economy Index survey shed light on the challenges faced by small businesses and their employees in the current economy. The high rate of employees working multiple jobs, the ongoing trend of job hopping, and the eagerness of businesses to relocate from California all have significant implications for the labor market and business landscape. Additionally, the impact of crime on businesses and the most pressing issues for President Biden to address are key concerns that affect both employers and employees. This survey provides valuable insights into the struggles faced by small businesses and the workforce, highlighting the need for attention to these critical economic issues.
Summary
An alarming number of employees are working two or more jobs to survive the current economy. Plus, there’s a dramatic split between red states and blue states when it comes to business relocations, and the Great Resignation continues unabated, according to employers. These are among the findings of the newly completed February edition of the Freedom Economy Index (FEI), a survey of over 80,000 small businesses jointly conducted by PublicSquare and RedBalloon.work. Key findings include the high rate of employees working multiple jobs, the ongoing trend of job hopping, and the eagerness of businesses to relocate from California. The survey also delves into the impact of crime on businesses and the most important issues for President Biden to address. The survey reveals that the economy has been difficult on employers and employees alike, with small businesses feeling the continued weight of inflation and high interest rates.
Source Statement
This curated news summary relied on this press release disributed by Newsworthy.ai. Read the source press release here, New Survey Reveals Alarming Trends in Small Business Economy
