In Q3, U.S. middle-market companies added jobs at an annualized growth rate of 4.9%. Thomas Stewart, executive director of NCMM, said that while companies continue to outpace their year-over-year expectations, revenue growth is settling in at a more moderate level in line with long-term averages. Nearly one-quarter of firms surveyed in the report said they expect a tighter job market in the short-term as companies continue to hire. Despite the decline in manufacturing job growth, demand is projected to rise sharply in the coming years.
How Mid-Market Companies are Beating the Odds and Driving Job Growth