NEWS ROUNDUP
1
The December jobs report was released late last week, showing continued strength in the labor market.
https://www.bls.gov/news.release/pdf/empsit.pdf
Small business owners still plan to add workers in 2023.
https://www.nfib.com/content/press-release/economy/nfib-jobs-report-hiring-plans-weaken-in-december-as-labor-shortages-challenge-small-businesses/
The rate of hourly wage growth at small businesses continued to decline to 4.95% year-over-year in December.
https://www.paychex.com/employment-watch/#!/news-release/
The Index of Consumer Sentiment for December from the University of Michigan came in at 59.7.
http://www.sca.isr.umich.edu/
2
Congress passed “The Securing a Strong Retirement Act of 2022” in December, which offers tax credits to small businesses that start an employer-sponsored retirement plan.
https://www.forbes.com/sites/rhettbuttle/2023/01/05/secure-20-5-things-small-business-owners-need-to-know/?sh=6421a1c58bff
3
According to data released by the Small Business Administration this week, and since analyzed and report on by National Public Radio, 92% of the loans issued under the Paycheck Protection Program have been granted full or partial forgiveness.
https://www.npr.org/2023/01/09/1145040599/ppp-loan-forgiveness
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