(The Center Square) – A new study reveals small business owners are downshifting their hiring needs as recessionary trends continue to take a toll on their recoveries.
A study by the small business network Alignable shows only 7% of small businesses plan to hire more workers for the holidays. That is compared to 36% last year.
“Fifty-seven percent of those polled in Illinois said they’re not hiring at all for the rest of the year,” said Casto. “Four percent said they are actually laying off people because of their projections for Q4.” “Fifteen percent of the retailers are looking for holiday help, but that is down from 32 percent last year, so it's less than half,” said Casto.
The restaurant industry has struggled to retain workers since the beginning of the pandemic. This time last year, 56% of restaurant owners indicated they were going to hire more staff for the holidays. Now a year later, that figure is only 17%, down 39% in 12 months.
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