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Record High Average Wage Offers in U.S. Point to Labor Market Changes

Allwork

employers are willing to offer new workers has reached a record high, according to a recent New York Federal Reserve Survey. The data was analyzed in a report published by Reuters, revealing that the average full-time annual wage offer jumped to $79,160 in November from $69,475 in July. The average wage that U.S.

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Academic Studies Show Gig Economy Larger Than Government Data Suggests

Small Business Labs

.  Making Ends Meet: The Role of Informal Work in Supplementing Americans’ Income looked at data from the Federal Reserve Board's Survey of Household Economics and Decision Making (SHED). The study found "28 percent of adults age 18 and older participated in informal work for pay during the survey reference month."

2017 206
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Apprenticeships Are Making a Comeback—Here’s Why

Success

According to November 2023 data from ApprenticeshipUSA , apprenticeships have seen a 103% growth from 2014. Of the 68 employers surveyed, 68% achieved a positive net return over five years. And it’s not just a post-pandemic or recent trend. California leads the states with the most apprenticeships.

Training 297
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Uber, Lyft and Airbnb Rapidly Gaining Share in the Corporate Market

Small Business Labs

According to a survey from the Global Business Travel Association  (GBTA), half of corporate travel policies allow for the use of ride-sharing services such as Uber or Lyft. with 30% of the corporations surveyed officially allow home-sharing service for their traveling employees. .  

2014 100
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How Women Are Rising in Business

Success

Women of color-owned firms saw a growth of 43% between 2014 and 2019, while firms owned by African American women saw both the highest growth rate (50%) and the highest number of “net new women-owned businesses” (42%). And the pool of millennial small-business owners is growing—just last year, they made up only 7% of the survey sample.

2019 246
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Apprenticeships Are Making a Comeback—Here’s Why

Success

According to November 2023 data from ApprenticeshipUSA , apprenticeships have seen a 103% growth from 2014. Of the 68 employers surveyed, 68% achieved a positive net return over five years. And it’s not just a post-pandemic or recent trend. California leads the states with the most apprenticeships.

Training 130
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Top Seven Open Enrollment Tips for Small Businesses

Small Business CEO

That’s especially troubling for small businesses when you consider that they pay up to 18 percent more per worker than large firms for the same health insurance policy. But until 2014 tax credits are available for small businesses with 25 or fewer employees with average annual wages of less than $50,000.

Health 40