Sms Ad Agency job growth has been hit by the global recession, with the median job growth for agencies in the US dropping by almost 20% over the past three years, according to an analysis by job site Glassdoor.
As a result, the average job size has grown by less than 1.2%, which is far below the median increase of 1.4% that Glassdoor found in 2014.
The report, which comes on the heels of the company’s annual earnings report released on Thursday, shows that SMBs in general have had an exceptionally difficult time growing their revenue, despite an economy that has seen some of the largest economic recoveries in history.
According to Glassdoor, the median SMB salary in 2016 was $56,847, but in 2017 it was $51,965.
In 2018, SMBs saw median salaries drop by 5.6%, to $56.4 million.
In the US, the largest decline in salaries came in New York City, where salaries fell by more than 13%, from $60,000 in 2016 to $50,000.
This year, the city experienced a similar trend, with median salaries declining by 6.6% from $57,400 to $48,900.
While many agencies continue to expand their workforce in the face of a weak economy, Glassdoor noted that this trend could be reversed if the economy continues to expand.
It said that it’s “more likely that the economy will slow down over the next few years, as the U.S. economy becomes more competitive in the global economy.”
The report said that SMB staffing needs to improve.
The average number of workers per agency fell by 9.5% between 2014 and 2016, but this number is expected to rise by 1.3% in 2020.
This increase would allow more employees to be trained and hired, but it would also mean fewer opportunities for workers to gain new skills and advance their careers.