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Friday, December 03, 2010

Survey: Small Business job creation improves slightly in November

by Calculated Risk on 12/03/2010 08:18:00 PM

From National Federation of Independent Business (NFIB) chief economist William Dunkelberg: Small Business Job Creation Positive in November

In November, small business owners reported net new job creation. It wasn’t much, an average per firm increase of .01 workers, up from 0.0 in October. Seasonally adjusted, 14 percent of owners reported increasing employment at their firms by an average of 3.4 workers, the highest reading since December 2007 (the peak of the last expansion according to the National Bureau of Economic Research). On the down side, 16 percent reported reducing employment, an average of 3.2 workers. Bottom line, job creation was positive in November.
...
[P]lans to create jobs gained three points, rising to a net 4 percent of all owners, the best reading in almost two years (this after a four point improvement in job creation plans in October, a solid trend that promises a pickup in the pace of job creation).
Not much, but a step in the right direction.

Earlier employment posts:
November Employment Report: 39,000 Jobs, 9.8% Unemployment Rate
Employment Summary and Part Time Workers, Unemployed over 26 Weeks
Seasonal Retail Hiring: Retailers remain cautious
Graphics Gallery for Employment