BIG TICKET GIVEAWAY

Win 2 tickets to every event for a year! Click here to enter.

Present by The Daily Herald
The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions

Calendar


Weekly business news
HeraldNet Newsletter Delivered to your inbox each week.
Published: Tuesday, September 10, 2013, 12:11 p.m.

Small-business hiring plans reach highest level since 2007

Los Angeles Times
WASHINGTON -- The percentage of small-business owners planning to hire more workers rose last month to its highest level since 2007, according to the National Federation of Independent Business.
The jump came as the group's overall small-business optimism index slipped 0.1 point to 94 in August from the previous month, and amid some other conflicting data on the state of the key economic sector.
The Small Business Economic Trends Survey, released Tuesday, also showed that sales were down and small businesses cut workers for the fourth straight month in August, with the average firm shedding 0.3 employees.
But plans for new hiring in the next three months surged by 7 percentage points in August. The 16 percent of businesses anticipating expanded employment was the best since before the Great Recession began.
"If this reading is not a fluke, it signals a substantial resumption of hiring in the coming months," the NFIB report said. "Hopefully, the September survey will validate the August readings and reports of actual hiring will turn positive."
NFIB chief economist Bill Dunkelberg acknowledged that the August report contained "a rather perplexing set of statistics."
Although major job cutbacks have stopped, hiring by small businesses has not turned positive. Still, hiring plans increased, though NFIB said most of those jobs probably will be part-time.
A gauge of sales dropped by 17 percentage points, the second-largest decline since the NFIB began its monthly survey in 1986. Nearly a quarter of small-business owners said they sold less from June through August than they did in the previous three months, the worst reading since early 2010.
But the percentage of owners anticipating sales volume to increase in the next three months jumped to 15 percent in August, from 7 percent the previous month. That was the best level in more than five years.
---
2013 Los Angeles Times
Visit the Los Angeles Times at www.latimes.com
Distributed by MCT Information Services
----------
Topics: t000002899,t000156693,t000152773
Story tags » JobsEmploymentEmployersSmall business

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

HeraldNet highlights

Drawing on nature
Drawing on nature: Exhibit at Burke Museum features nature illustrators (gallery)
Find fun in Mill Creek
Find fun in Mill Creek: From bars to parks, young city has plenty to offer
Flinging pumpkins
Flinging pumpkins: Photo gallery, plus more upcoming fall fun
Working with worms
Working with worms: Monroe prison’s composting program a national model