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Bailout

: Calculated Risk

Small Business hiring "Bleak"

By Anonymous

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Note: this is the employment section of the April survey that will be released Tuesday.

From the WSJ: At Small Businesses, Hiring Still Drags

April marked the 27th consecutive month in which small businesses either shed more or the same number of jobs that they added, according to a monthly survey to be released Tuesday by the National Federation of Independent Business, a trade group in Washington, D.C. Since July 2008, employment per firm has fallen steadily each quarter, logging the largest reductions in the survey's 35-year history. Going forward, more small-business owners say they plan to eliminate jobs compared with those that expect to create new jobs over the next three months.

And from the National Federation of Independent Business: Jobs Picture Still Bleak for Small Business

?The steep recession will unlikely be followed by a steep recovery, the numbers just aren?t moving in that direction. [said William C. Dunkelberg, chief economist for the National Federation of Independent Business] "April marks the 27th consecutive ?no new jobs? monthly reading."
?There is little enthusiasm among owners to hire more workers, primarily due to continued weak sales trends.?

Full post as published by Calculated Risk on May 11, 2010 (boomark / email).