200,000 New July Jobs Added

In what is becoming the longest-running streak of job growth in almost 20 years, more than 200,000 new jobs have been added to the U.S. economy in July.

However, unemployment has also increased, to just over 6%. What does this mean? It means only that the demand for job growth has increased, and is continuing to increase, and that there are now more workers in labor force who are still looking for jobs.

How will this affect your staffing agency? This is actually the perfect opportunity for your staffing agency to make connections between businesses with continually rising demands for employment and workers who need jobs.

This offers great growth potential for staffing companies. For your staffing company to handle all this growth, you’ll need a strong cash flow and a constant source of working capital.

Invoice factoring is the best and easiest form of funding. Once approved, you can factor your invoices whenever you need and get cash instantly! It’s the only type of funding that grows with your business, so you can be sure that you’ll always have enough working capital to stay ahead of the game, whether you are going through rapid growth or a seasonal slump.