• Labor Market Steady, Pay Raises Iffy, SBA Changing Loan Program

  • Apr 10 2025
  • Length: 6 mins
  • Podcast

Labor Market Steady, Pay Raises Iffy, SBA Changing Loan Program

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  • Summary

  • U.S. Labor Department data shows job starts exceeding expectation in March, while the Paychex Small Business Employment Watch indicates job levels are consistent with previous months. Does this indicate a better outlook? Gene Marks talks about it in this episode, but also says the economy might be influenced by the 14% of employers who are decreasing salary offers and another 20% are scaling back on raises. Businesses with loans from the SBA also must contend with changes in programs that include increased fees for popular 7(a) loans. Listen to the podcast.

    Resources:

    Paychex Small Business Employment Watch - https://bit.ly/4lG7hTV

    DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
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