January 31, 2013
More U.S. Small Businesses Cutting Workers Than Hiring
But hiring intentions for the next 12 months are more positive now than in November
PRINCETON, NJ -- More U.S. small-business owners say they let employees go than hired them on average over the past 12 months, for a net hiring index of -10 in January, according to the Wells Fargo/Gallup Small Business Index. This is similar to the -12 recorded in November, the -9 of a year ago, and the -12 of January 2011, but up from the low of -27 in January 2010.
These results are from the quarterly Wells Fargo/Gallup Small Business