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IPFS News Link • Economy - Economics USA

NFIB: Small Business Hiring on Main Street Has Collapsed

06-06-2011 • CalculatedRiskBlog.com

The National Federation of Independent Business (NFIB) will release their April survey on Tuesday, June 14th. Here is a pre-release of the employment results from NFIB: NFIB Jobs Statement: On Main Street, Job Creation is Collapsing “After solid job gains early in the year, progress has slowed to a trickle ... meaningful job creation on Main Street has collapsed. ... [I]ndications of minimal future growth include the fact that in the next three months, 13 percent plan to increase employment (down 3 points), and 8 percent plan to reduce their workforce (up 2 points). That yields a seasonally adjusted net negative 1 percent of owners planning to create new jobs, a 3 point loss from April. ...

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Reported By Jack Gregson

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