Good news came out today from the U.S. Department of Labor about the job market that unemployment hit a 3-year low in January. And the expectation is that it will continue to improve over the coming months. Also in a related story earlier this week the Bureau of Labor Statistics released a report with its predictions of what will be the greatest and least job growth areas over the next 20 years. It's easy to see how this information is relevant to those who are looking for traditional work, but what do these numbers represent for entrepreneurs?
Just as this information helps people know which growth areas to pursue for jobs, it also lets entrepreneurs know which industries and companies have money available to spend for goods and services. Whether it be in healthcare, energy, professional services, or retail, companies will be not only looking for employees to produce, but also other sources of ideas and productivity from outside contractors, freelancing, and temp work.
Entrepreneurs sometimes need to search for strategic opportunities in places that aren't always obvious. With the job market improving, ask God to show you where the open doors are for you to bring dynamic solutions and value that will generate significant revenues for your business.
How might the changing job market impact or benefit your business?
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