The Question:
The NFIB Index of Small Business Optimism shows small businesses see economic improvement and hiring is up. What is your experience?
21% — Our business is improving and we’ll add employees this year.55% — Our business is improving but we’ll handle it with existing people.
3% — We’re not growing but still plan to staff-up to pre-recession levels.
21% — We don’t see improvement and won’t be hiring.
Jim’s Comments:
The good news is that three of four of our respondents are seeing economic improvement. The bad news is those who plan to hire number barely one in five. This means that the growth being seen is merely an upward trend, not economic expansion.
Furthermore, the business owners I talk to say the current regulatory state, including the spectre of Obamacare, is causing them to make adding new people a last resort.
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