October 2024 Mid-Month Snapshot

The Leadership Corner – Your Pulse on Employment

- 73% of small business owners expect revenue to increase next year and 44% anticipate increasing their staff in 2025. (U.S. Chamber of Commerce )

- The Tampa MSA saw a 3.18% growth in wages in September of 2024. (Paychex )

- The share of respondents who report ‘jobs are hard to get’ rose for the 5th consecutive month. This level of job-finding difficulty is on par with survey responses in 2017 and is not a sign of deterioration. (Conference Board )

- Since January of 2020 the Tampa-St. Petersburg – Clearwater MSA has seen consumer prices increase 29.8%, the highest in the nation. Housing is the reason for this gain. Since the start of 2020 both rent and OER (owner equivalent rent) have increased 46.9% and 44.6%, more than any other metro area examined. (Pew Research )

- When asked if their current debt (including mortgage, credit card, student loan, and medical debt) was influencing their career decisions, 73% of U.S. workers said they have debt and of those four of 10—including 50% of Gen Z (ages 18–27), 54% of Millennials (ages 28–43), and 42% of Gen X (ages 44–59)—said it is influencing their career decisions. (ASA )

Disaster Support Information for You and Your Employees

-?SBA Disaster Loans (SBA ) – Home Disaster Loans for damaged homes, Business Physical Disaster Loans, and Economic Injury Disaster Loans

-?FEMA (Disasterassistance.gov ): Can potentially help with home repairs, temporary housing, and property damage. Additionally, they may be able to help with child care, medical, lodging, moving, and funeral expenses.

- Florida Small Business Emergency Bridge Loan Program (FL Commerce ) – For businesses based in Florida, with less than 100 employees. It is a short-term zero-interest working capital loan to be used as gap funding.?

Newsflash – National Employment News Floridians Should Know

-?Total health benefit cost per employee is expected to rise 5.8% on average in 2025, even after accounting for planned cost-reduction measures. (Mercer )

-?Amazon to hire 250,000 seasonal employees this holiday season at a minimum of $18 an hour, with access to health care coverage as soon as they begin working. (Amazon )

-?OSHA should take steps to better identify and address ergonomic hazards at warehouse and delivery companies. (GAO )

-??Hobby Lobby raises minimum wage to $19.24 an hour. (Hobbylobby )

Business Owners and Leaders

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At PrideStaff, our mission is to deliver the value that "matters most" to our clients. Simply put, we custom tailor our services to you and your objectives. We want to help you, so feel free to contact us if you are struggling to hire, or keep, the talent in your business.

Contact Us:

Tampa Office - 813-560-8780

Clearwater Office - 727-748-4141

https://www.pridestaff.com/hire-pridestaff/