Nearly 90-percent of Minnesota business service firms feel positive about the economy and expect sales revenue to increase or remain stable next year. Shane Delaney with the Department of Employment and Economic Development(DEED) says this is good news because these services are often some of the first to experience slowdowns:
“Obviously, if other businesses are not hiring them for their services, that can be a little bit of bell weather as to how the state’s economy as a whole is performing. So the fact that the majority of those surveyed are expecting a stable year ahead, that’s an encouraging sign for us here.”
Delaney says nearly 80-percent of business service firms expect labor availability to remain stable, 13-percent expect a decline, and eight-percent anticipate labor growth.