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Businesses face hard decisions on whether, when to hire

Businesses face hard decisions on whether, when to hire
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Businesses face hard decisions on whether, when to hire | News, Sports, Jobs

NEW YORK (AP) As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when

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Why small businesses hesitate staffing up in the thick of covid-19

New York As the United States economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when to take on employees. The pandemic forced Meghan Gardner to let go of 16 staffers at Guardian Adventures, which ran educational summer camps, part of an industry decimated by the virus outbreak. While Ms. Gardner got a Paycheck Protection Program (PPP) loan and ran online camps during the summer, by October she couldn’t afford to pay her employees. Ms. Gardner would like to build her company back up, but the virus is still raging and the future for children’s group activities is still uncertain. She’s worried about the summer of 2021 being a repeat of 2020.

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US economy undergoes uneven recovery from coronavirus pandemic

For many owners, it’s a question of how comfortable customers will feel about gathering in places like restaurants, stores and gyms. Retailers don’t know yet how much business they’ve permanently lost to online competitors. For owners starting over, it’s too soon to know if their brand-new companies will be successful enough to take on employees. Small businesses accounted for 47% of employment at U.S. companies, according to the most recent business census, in 2017. When payroll company ADP reported the pandemic forced the loss of 19 million jobs at its business customers in April, more than 10 million of those workers, or 52%, were let go by companies with fewer than 500 workers.

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Businesses face hard decisions on whether, when to hire

Businesses face hard decisions on whether, when to hire by Joyce M. Rosenberg, The Associated Press Posted Feb 4, 2021 3:00 am EDT Last Updated Feb 4, 2021 at 3:14 am EDT NEW YORK As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small businesses owners face a tough decision on whether and when to take on employees. The pandemic forced Meghan Gardner to let go of 16 staffers at Guardian Adventures, which ran educational summer camps, part of an industry decimated by the virus outbreak. While Gardner got a Paycheck Protection Program loan and ran online camps during the summer, by October she couldn’t afford to pay her employees.

United statesNorth carolinaMeghan gardnerJanet yellenBret csencsitzChristopher rugaberJoycem rosenbergLakesha coleCensus bureauPaycheck protection programAssociated pressGuardian adventuresTreasury secretary janet yellenGreat recessionGotham barWriter christopher rugaber