Categorized | Breaking News

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 (

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.

Leave a Reply