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SNAPSHOT: Jobs Created in January

February 15, 2023

Thank you to Fast Company for providing the content on SNAPSHOT: Jobs Created in January.

Do you know anyone from the military community looking for a job? Through the U.S. Chamber of Commerce Foundation, Hiring Our Heroes provides career services including events, programs, and career counseling dedicated to connecting world-class military community talent with American businesses of all sizes. Their hiring events connect military community job seekers from around the globe with American businesses hiring for local, national, and remote opportunities.

Click Here to Learn More

How Small Business Owners Feel About their Business
and the Economy Right Now

Despite facing challenges like inflation, worker shortages, and supply chain disruptions, small business owners feel generally good about the health of their business right now, according to the latest MetLife and U.S. Chamber Small Business Index survey.

By the numbers: A full 89% of small businesses said their business is in average, good, or very good health in Q4 of 2022. Of those, 64% said their business is good or very good.

The big picture: In a stunning example of “second-hand pessimism,” small business owners feel pessimistic about the future of the economy despite reporting their own business as healthy.

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January Jobs Surge

Fill me in: The economy added 517,000 jobs in January. No one saw this coming. Consensus expectations were for 185,000. We blew those out of the water.

Why it matters: The labor force also grew by 866,000 workers. We now have more workers in the labor force than pre-COVID but not nearly as many as we should have based on population growth.

Bad news: The participation rate (the percentage of workers in the labor force as a share of the working-age population) remains well below its pre-COVID level.

Bottom line: Businesses still have 11 million openings to fill, so we need workers to keep coming back.

Click Here to Learn More

The U.S. Chamber’s Reaction to
the State of the Union Address

On Tuesday evening, most of America tuned in to watch President Biden’s second State of the Union Address.

Why it matters: The nation’s business leaders—like all Americans—are fed up with hyper-partisanship and polarization. The never-ending gridlock may be business as usual in Washington, but it’s having real-world consequences on job creators, families, and communities.

Go deeper: Below are five things we hoped to hear from the President:

1. A commitment to deficit reduction and a willingness to negotiate on the debt ceiling.

2. Advance bipartisan talks on border security and immigration.

3. Prioritize permitting reform.

4. A balanced approach to China.

5. End the trade blockade.

What we said: The U.S. Chamber’s Twitter handle reacted in real time as the President delivered the State of the Union Address on Tuesday evening.

Click Here to Learn More

by US Chamber of Commerce.

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