U.S. small-business owners expect to add fewer net new jobs over the next 12 months than at any time since the depths of the 2008-2009 recession...
...In good economic years, net hiring intentions have been in the double-digits. This has not been the case since the recession and financial crisis in 2008-2009 with net hiring intentions reaching a low of -4 in November 2008...
...In November, more small-business owners reported decreasing the number of employees (26%) than increasing (14%), resulting in a net hiring score of -12. That is down from -7 in July and -9 in the prior three quarterly measurements...
It is difficult to blame this on the fiscal cliff, and even more difficult to pin this on Sandy. More than likely, the poor net result is primarily the result of a clear slowdown in the economy (lack of customers).
I believe the US is back in recession and so does the ECRI.
On top of deteriorating economic conditions, also factor in the election and Obamacare...
This history of the Obama administration could be titled Worse and Worser.
3 comments:
Dubai the most active and development area.as Dubai starts booming now with big projects that s announced by government of Dubai that economic condition is more strong as compared othre countries .
I have an article about a new idea on small business entitled "Starting up a new small business with little money through local trading of foreign products". Please read: http://smallbusiness202.blogspot.com/2012/12/starting-up-new-small-business-with.html
The drop in "Hiring Intent" for businesses is also due to a health care that removes "freewill" or choice away from employees' health care benefits. Due to the uncertainty in health care benefits, businessmen would wait until the law is clear regarding the Obamacare.
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