The number of numbers in the news can be… overwhelming, at times. Records of all kinds are broken every day, but here’s the good news: it’s not all bad news.
Trends ebb and flow, and we’re noticing some promising signs. Let’s break down a few.
First, remember that life is a mixed bag. The past two years have brought considerable heartbreak and stress, but any change also tends to make way for new growth.
Anecdotally, we’ve been heartened by the number of stories we’ve heard from you about businesses using their downtime well. Closures gave many folks the opportunity to refurbish or expand their operations—your coffee shop opening a new location, your favorite storefront getting some much-needed repairs. And so many grocery stores and retailers continue to develop their services, like the infrastructure for easier pickups and deliveries.
And then some numbers take a little more consideration to appreciate. For example, the most recently released data suggest that it’s quitting time for many Americans. In the final months of 2021, more Americans than ever were leaving jobs—by the millions—DealBook reports. This can be a great sign, as quits tend to happen when workers feel the outlook is good, that something better must be next. A quit trend like this sometimes accompanies a period of fast economic growth. No guarantees, but at least the sentiment is that many are looking forward to a better future.
Another bright spot is the surge in business applications: Americans are starting new businesses at the fastest pace in years. The New York Times explains that the number of business applications rose 25% from 2020 to 2021. That’s typically a sign of new energy being generated in the economy. When the rate of business formation is slow, it’s a sign that jobs are going stale, business relationships can get strained and rigid. Upheaval, however, has many working people rethinking their opportunities.
All this is to say that things are moving, things are changing. It’s never all good news; it’s never all bad news. We’ll be here. We’ll keep at it.
And we’re glad you’re with us.
Clients, got any numbers worth discussing? Call or write, anytime.
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