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Great Small Business Saturday

Shop Small Saturday - Your Startup Guru

Small Business Saturday saw a record 112 million shoppers this year, setting a new record for the retail event.  This was a 13% increase over last year’s SBS.

Part of this increase is greater awareness with 72 percent of U.S. consumers now know about Small Business Saturday. That’s a slight uptick from the 70 percent in 2015.  Additionally, almost nine in 10 Americans view small businesses favorably, according to a poll conducted on behalf of the Public Affairs Council.

Good employment report

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Federal Reserve Chairwoman, Janet Yellen.  Source:  Getty Images

The U.S. labor market in July capped off the best two-month stretch of hiring so far this year, a sign of strength for an economy that has been showing mixed growth signals in recent months.

Nonfarm payrolls rose by a seasonally adjusted 255,000 last month, the Labor Department said Friday. Wages for private-sector workers matched their strongest annual pace of growth in seven years, more Americans entered the labor force during the month and the jobless rate held steady 4.9%.

This could mean greater spending on goods and services such as the goods and services that your business sells  =)

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