CEO Sounding Board
And, what’s happening with employment costs?
“We see a strong trend in hiring. It was up last year by over 10%, and it’s up so far this year about 10%. The sectors I see the strongest are the service sectors like restaurant and hotels. I see stuff like roofing and repairs of homes is up, and we also do payrolls for some staffing companies and it appears the staffing business is up. ... As far as benefits, they’ve gone up each of the last two or three years by 10% or more.”