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Podcast: Business of Tech: Daily 10-Minute IT Services Insights
Episode: Resilient Labor Market, IT Spending Surge, and Millennial Business Acquisitions
Description: The latest trends in the U.S. labor market highlight a resilient job landscape despite challenges faced by small and medium-sized businesses (SMBs). The September jobs report revealed that employers added 254,000 jobs, lowering the unemployment rate to 4.1%. However, SMBs are struggling to fill positions, with 34% of owners unable to find qualified applicants, leading to a decrease in hiring attempts. This situation suggests that SMBs may increasingly rely on technology solutions to maintain operations.The episode also delves into the surge in data center spending, which has increased by 30% year-over-year as enterprises balance their AI growth with cloud...