BY: Adam Gavriel
Despite the encouraging numbers regarding the United States unemployment rate, the lifeblood of the American business industry, small businesses, remains in a tough state. A report yesterday from Bloomberg Businessweek noted that even with the unemployment rate falling to 7.8% small business hiring slowed down as many owners said they were not planning on hiring or investing in new equipment.
According to the report, a lot of this is due to the uncertainty regarding taxes in the future of small-businesses, and until the election in November, we can expect this trend to continue. September marked the fourth time in the last five months that the National Federation of Independent Business’s optimism index fell.
As you can see from the September report above, 4 of the 10 important factors in determining NFIB fell last month, while two remained unchanged.
Despite the optimism highlighted by the unemployment rate dropping below 8% for just the 2nd time since President Barack Obama took office, deep below the economy continues to struggle. After conducting a survey, Bloomberg Businessweek noted that 17% of small businesses said it was becoming increasingly difficult to fill a job opening. While the number of respondents who expected higher sales held at 1%
The NFIB report was based on a survey of 691 small business owners. Remember that small businesses represent the overwhelming majority of U.S. employers. When small businesses are flourishing, so is America.
Crossroads Consulting, a small business ourselves, not only employs a few Americans, but looks to get the rest of America employed as well. Despite the 7.8% unemployment rate, and the even higher underemployment rate, Crossroads Consulting offers plenty of job opportunities that we are looking to fill nationwide TODAY. With our resume optimization, there is no reason not to come by and take a look at what we offer.
Remember, at Crossroads, we’re putting the ‘human’ back into ‘human resources.’
- Confidence Among Small US Businesses Cooled in September – Bloomberg (bloomberg.com)
- Small Business Optimism Falls, Optimism and Employment Sag (247wallst.com)
- If Romney Wins, the Economic Uptick Will be Quick and Dramatic (rushlimbaugh.com)