Thursday, January 31, 2013

More U.S. Small Businesses Cutting Workers Than Hiring


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

by Dennis Jacobe, Chief Economist
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.
Trend: Wells Fargo/Gallup Small Business Index: Net Hiring, Past 12 Months
These results are from the quarterly Wells Fargo/Gallup Small Business