Tax incentives for small businesses who hire workers have been offered over the past months as a way to prompt job creation in our nation. Reports indicate that there are also more job opportunities becoming available from private employers, which is a sign that the job market may slowly be on the rebound.
Reportedly, employers added 67,000 jobs in August, which was said to have been more than was expected by many analysts. Also, despite the fact that there are still unemployed men and women calling for an extension of unemployment benefits to 5th Tier, there have also been indications that the number of men and women who are signing up for unemployment benefits has dropped.
While it’s hoped that small business lending will increase for companies who want to borrow and the small business hiring incentives may either be extended or prompt more employers to hire workers, there are mixed feelings about the future of the job market. While more jobs are being added, there are those who feel the data that says unemployment claims are falling fails to consider that many men and women who are long-term unemployed are simply running out of benefits to claim.
However, small businesses do continue to add job opportunities and it is hoped that new legislation may provide small-business loans that are guaranteed by the SBA, which would offer more lending opportunities for companies in need of funds to either buy more equipment, expand their operations, or assist them with handling more clients and business.
Unemployment is still being felt in areas like the housing market as more unemployed homeowners are seeking ways to make their mortgage payment more affordable. However, if private-sector jobs can continue to grow and, during the coming holiday season more jobs are added and kept in some cases, the job market may indeed be well on its way to recovery although it will take time to return to full strength.