While the job market can certainly be a fluctuating entity, upturns can be a breath of fresh and promising air when they do occur. California recently experienced such an upturn, with a very positive report coming in that shows considerable growth in several different job sectors over the last month.
In the construction realm, 3,000 new jobs were created in response to many areas of Southern and coastal California showing a demand for new commercial and residential construction. Many other job areas also experienced an increase, adding 80,000 jobs across all sectors including 22,300 in the professional and business services sector, the largest of the group. The unemployment rate also continued to decline, falling from 6.2 percent to 6.3 percent and representing the state’s lowest rate in more than seven years.
As history has shown, nothing is ever completely certain in the job market. However, striking while the iron is hot (or at least heating up) can be beneficial for new businesses. Even when the climate is ripe with promise, however, there are still numerous elements of starting a construction business that can quickly become complicated. Whether it is zoning and land use, negotiating contracts, payment and collection or more, every part of a business must be handled correctly to pave a smooth path going forward.
A new business does not have to deal with these complex elements alone, however. Seeking the assistance of an experience attorney can help business owners navigate plans and formation, hopefully resulting in an outcome that can propel the business forward in a positive direction.
Source: LA Times “California employers add 80,700 jobs in July; jobless rate falls to 6.2%,” Shan Li and Samantha Masuna, Aug. 21, 2015