Commercial Pulse Report Highlights | 10.15.2024
Welcome to our October 2024 Commercial Pulse Report breakdown! 📊 In this episode, we dive deep into the latest commercial insights affecting small businesses, covering everything from inflation trends to job growth.
Key Takeaways:
- Inflation has eased to 2.4% in September, signaling a continued decline.
- The U.S. economy added 254,000 jobs, the largest increase since March.
- Small business optimism rose to 91.5, though it remains below the historical average.
- The growing risk of underinsurance for small businesses: 75% of small businesses lack adequate coverage, leaving them vulnerable to disasters. 🌪️
Recent hurricanes have devastated the Southeast, our hearts are with everyone impacted. This issue of the pulse includes a special analysis of rising commercial insurance costs for small businesses. We couldn’t predict how timely it would be.
Looking for more detailed commercial insights? Visit our Commercial Insights Hub for the latest trends and data on small business performance and credit. Stay informed and ready for what’s ahead!
