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No job creation seen in small biz sector

Job generation is at a standstill in the world of small businesses, according to a November survey of 825 small business owners by the National Federation of Independent Business (www.nfib.com).

Commenting on survey results that will be released on Dec. 8, William C. Dunkelberg, chief economist for the NFIB said in a press release, “It now looks unlikely that job creation will cross the ‘0’ line by the end of the year.  Small business owners in November reported a decline in average employment per firm of 0.58 workers (seasonally adjusted) during the prior three months, about the same as October’s loss of .52 jobs but down from a loss of 1.26 workers per firm in May.  Nine percent of the owners increased employment by an average of 2.3 workers per firm, but 21% reduced employment an average of 4.2 workers per firm (seasonally adjusted).”

He said the job-generating machine is still in reverse as November’s report represents the 22nd consecutive month with more small business owners reporting employment declines than employment increases.


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