Survey: Small Businesses More Likely to Fire Than Hire

Wednesday, 15 Jun 2011 01:56 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Many small businesses plan to cut their payrolls in the coming months, The New York Times reports, citing a monthly survey of the National Federation of Independent Businesses that showed a downturn in hiring prospects. The federation’s May report is another sign that the national economic recovery is flagging.

For the first time since September, the survey found that the percentage of businesses planning to reduce payrolls through layoffs and other means exceeded the percentage planning to hire more workers. The federation survey’s hiring index had been sliding downward all year before falling into negative territory last month.

“Never in the 37-year history of our company have we seen anything at all like this,” said Frank W. Goodnight, president of Diversified Graphics, a North Carolina publishing company. “We’re being squeezed on all sides.”

Small businesses employ half of all private-sector workers in the United States. The survey did find some bright spots, including an increased willingness to hire in the construction, manufacturing, and restaurant sectors.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

'The Interview' Kim Jong-Un Death Scene Leaked on Web

Thursday, 18 Dec 2014 16:16 PM

The scene portraying the death of Kim Jong-un in "The Interview" surfaced Thursday, showing the North Korean leader meet . . .

Trump Christmas Card Fires Obama

Thursday, 18 Dec 2014 16:08 PM

Donald Trump issued his 2014 Christmas card via social media this year, firing lame duck President Barack Obama with his . . .

Experts: Putin Abandons Economy for Own 'Geopolitical Goals'

Thursday, 18 Dec 2014 15:15 PM

The continuing collapse of the Russian economy may bring a sense of pleasure to critics, but it remains unclear what imp . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved