Latest / Business of Tech: Daily MSP News & IT Services Analysis
Resilient Labor Market, IT Spending Surge, and Millennial Business Acquisitions
The latest trends in the U.S. labor market highlight a resilient job landscape despite challenges faced by small and medium-sized businesses (SMBs). The September jobs report revealed that employers added 254,000 jobs, lowering the unemployment rate to 4.1%. However, SMBs are struggling to fill positions, with 34% of owners unable to find qualified applicants, leading to a decrease in hiring attempts. This situation suggests that SMBs may increasingly rely on technology solutions to maintain operations.
The episode also delves into the surge in data center spending, which has increased by 30%…
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