The past several years have been hard for most entrepreneurs as the US economy weakened as a result of the global financial crisis. Some small-scale and medium enterprises even had to fold while others had to let some of their employees go to save their businesses, which then resulted into a major upsurge of the unemployment rate in the country.
However, the US economy is gaining ground as small scale employers are now starting to ramp up their workforce, significantly helping in the economy as nearly 9 million jobs lost to the recession have been recovered. This report from myfoxdc.com sums up the present overall employment situation:
For the first time since 1999, American employers have added more than 200,000 jobs a month for four straight months, offering more evidence that the U.S. economy is steadily growing while much of Europe and Asia struggle.
Last month's gain of 217,000 jobs means the economy has finally recovered all the jobs lost to the Great Recession. And it coincides with indications that American consumers have grown more confident. Auto sales have surged. Manufacturers and service companies are expanding.
"I don't think we have a boom, but we have a good economy growing at about 3 percent," said John Silvia, chief economist at Wells Fargo. "We're pulling away from the rest of the world.”
With the growing number of staff in any office, DC employers are most likely to think about expanding their office spaces. While the economy is still recovering, it is advisable for small business owners to look for a more cost-effective solution. One of the alternatives is by using a virtual office space in Washington DC.
Perfect for start-ups, the so-called ‘solopreneurs’, home-based businesses, or even private professional practices, a virtual office offers employers the same benefits of having a traditional work area without the high cost of rentals, maintenance and utilities. Moreover, since communications with your staff will be done online, employees will save on transportation expenses.
Think of you virtual company expanding more quickly as costs in facilities and supplies are reduced to virtually (pun intended) zero!
A Washington DC virtual office is highly recommended for you. Just contact Metro Offices, and we’ll be more than happy to arrange one for you. Just browse through our website to learn more about how we can help you go ‘virtual’ and thrive.
(Article Excerpt from US employers add jobs at pace not seen since 1999, myfoxdc.com)