The SMB NOW Blog

National Federation of Independent Businesses

Outlook Not Good for Small Business Jobs

June 15, 2011 by Zack Duncan Leave a Comment

unemploymentSmall business owners in America are starting to have an unpleasant outlook on the economy, evidenced by the fact that a gathering number of small business owners are planning on reducing jobs over the course of the next three months according to a survey from an industry group.

According to the National Federation of Independent Businesses, the percentage of businesses that are planning on increasing employment over the next three months has dropped to 13% in May. This is a 3% drop from the 16% in April and a 5% drop from the 18% in March.

In addition to that, the percentage of small businesses planning on decreasing work forces has increased to 8% in May from 6% in April according to the group. The group also stated that, on a seasonally adjusted basis, the small businesses foresee a small net decline in employment.

The survey’s index of small business optimism decreased by a total of 0.3 points in May to 90.9. This was the third consecutive month that a decline has been reported. But, what is causing this month after month? Well, the main cause appears to be weak sales. Nearly 23% of small business owners have reported that sales were higher in the past three months with 36% saying that the sales were lower.

According to NFIB Chief Economist Bill Dunkelberg, “Corporate profits may be at a record high, but businesses on Main Street are still scraping by. The failure to understand why small business owners are not hiring or investing has resulted in a set of policies that have not been very effective, and Main Street is suffering.”

Back on June 6 the United States Labor Department reported that the unemployment rate increased a little bit back in May to 9.1%, compared to 9% in April. The economy did manage to gain 54,000 jobs in May. However, that pales in comparison to the gain of 232,000 the month before showing that job growth is slowing.

Source: CNN Money – Grim outlook for small business jobs

Rack-Mount Server rentals are ideal if your company needs an extra storage unit for company information while you are testing various types of storage solutions.

Whether you need a short-term rental or a long-term lease, we have the right kind of server for your needs.

Posted in: SMB Tagged: Bill Dunkelberg, National Federation of Independent Businesses, small business, Small businesses, unemployment

Follow Us On Social Media:

RSS
Follow by Email
Facebook
Facebook
fb-share-icon
Twitter
Visit Us
Follow Me
Tweet
Pinterest
fb-share-icon
LinkedIn
Share
Subscribe to Email Updates:

Recent Posts

  • How the Buy American Movement supports American Businesses
  • Getting Started with Google My Business
  • Celebrate National Small Business Week with Us
  • Service and Etiquette Tips for SMBs
  • How Visa Issues Can Impact Your SMB
  • New Year’s Resolutions for Small Businesses
  • The Role of Social Media for Small and Mid-Size Businesses
  • How to be authentic in business
  • 5-Step Financial Checklist To Complete Before The End Of 2016
  • Why SMB’s Have to Switch to HTTPS

Blogroll

  • SMB News Now

SMB Technology Sites

  • A Computer BLog
  • A Copier BLog
  • A Laptop Blog
  • A Projector Blog
  • A Server Blog
  • A Tablet Blog
  • Projector Rental Rates
  • SMB Audio Visual Rentals
  • SMB Computer Rental
  • SMB File Server Rentals
  • SMB Laptop Rentals
  • SMB Tablet Rentals

Archives

Contact Us:

Have a story to contribute or a question about our site? Email us at web@xponex.com.

Copyright © 2023 The SMB NOW Blog.

Theme by themehall.com.