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(Temporary) Help wanted, apparently - SageworksStats on Forbes.com

Posted by Mary Ellen Biery
(Temporary) Help wanted, apparently - SageworksStats on Forbes.com

June unemployment in the U.S. was flat, and nearly a third of jobs added were in the temporary-help services industry, a field that has shown strong growth over the last 12 months, according to data from Sageworks Inc. “During the last 12 months, privately held employment service firms have seen their revenues grow by almost 20 percent annually, which far outpaces the average annual growth of around 10 percent for private companies across all industries,” said Sageworks analyst Libby Bierman. “That sales growth validates what the employment numbers released this morning showed—the economy has recently been adding a lot of temporary jobs, which are positions that employment service firms routinely fill.” ...

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Why aren’t companies hiring? Sageworks Stats @ Forbes.com

Posted by Mary Ellen Biery
Why aren’t companies hiring? Sageworks Stats @ Forbes.com

The U.S. economy’s paltry addition of 69,000 jobs in May has intensified the political finger-pointing, but the truth is that no one really knows for sure why the economy is growing yet too few jobs are being created, said Sageworks CEO Brian Hamilton. “The jobs report is disappointing because, at this stage of the recovery, the economy should be generating more jobs,” said Hamilton, who is also co-founder of the financial information company. The sluggish job growth is a paradox, he said, “because privately held companies, which actually produce the vast majority of new jobs, are performing quite well.” ...

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Concerns cause private companies to delay hiring

Posted by Mary Ellen Biery
Concerns cause private companies to delay hiring

Private companies are too nervous about the future to ramp up hiring, according to a new Sageworks Inc. survey of accountants, bankers and other financial professionals who work closely with these firms. About 32 percent of financial professionals in the survey said their clients aren’t hiring because they are concerned about the economy in general, while another 22 percent said private companies have become more risk averse because of lingering anxiety from the last recession. ...

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Data Release: U.S. Unemployment Rate vs. Private Company Revenue Growth

Posted by Sageworks
Data Release: U.S. Unemployment Rate vs. Private Company Revenue Growth

According to data released today by Sageworks, privately held companies in the United States saw average sales growth of over 8.5 percent in the 3 month period ending February 29, 2012. That’s up from an average sales growth rate of just under 8 percent in 2011, a growth rate of less than 5 percent in 2010, and a decline of over 5 percent in 2009. ...

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