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Survey: Small biz ready to hire in second half of 2010

CareerBuilder’s latest nationwide survey shows that small businesses— one of the major drivers for economic recovery and job growth— will be hiring in the second half of 2010. Thirty-two percent of companies with 500 or fewer employees plan to add new employees in the months of July through December. Twenty-one percent will hire full-time, 11% will hire part-time and 6% will hire contractors or temporary workers. Of companies with 50 or fewer employees, 24% plan to hire in the second half of 2010. The survey was completed in June 2010 and included more than 1,300 employers in businesses with 500 or fewer employees and more than 4,400 workers.

In addition to new jobs being added, new small businesses may be emerging to serve as a primary or secondary source of income. Of workers who have started a small business in the last year, 96% reported that they run a small business in addition to another job. More than one-quarter (26%) of workers who were laid off in the last six months and have not found jobs said they are considering starting their own business instead of finding a new job.

“Historically, it has been the small business sector that has created the most jobs at the end of an economic downturn, allowing the overall job market to bounce back faster,” said Brent Rasmussen, President of CareerBuilder North America. “The intellectual capital that companies were forced to lay off over the last 18-24 months was substantial and it is not surprising that many individuals are using their business skills to create their own opportunities.”

According to the U.S. Small Business Administration, small businesses employ just over half of all private sector employees and account for more than half of nonfarm private gross domestic product. They have also generated 64 percent of net new jobs over the past 15 years.

The following is a sample of the new businesses CareerBuilder survey participants indicated they have started over the last year:

1. Bakery

2. Board Game Design

3. Cleaning Company

4. Computer Services

5. Craft and Antique Business

6. Ecommerce retail site/EBay

7. Event Planning

8. Freelance Journalist

9. Handyman

10. HR Consulting

11. Lawn Service

12. Recycled Yarn Retail Store

13. Scented Candle Business

14. Sports Camp for Kids

15. Umpiring/Refereeing


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