Small business hiring stumbling

[barb162]

Small business hiring stumbling

SurePayroll survey shows small businesses sputtering on the employment front.
June 3, 2005: 10:55 AM EDT


NEW YORK (CNN/Money) - The government figures didn't paint a very bright picture of the national job market today. To dig deeper into the canvas ... it looks like there isn't much hiring going on at small businesses, according to a very interesting survey.

And if this survey is any indication, what is supposed to be the engine of U.S. job growth is sputtering badly. The SurePayroll Small Business Scorecard rose 0.8 percent in May and has grown now in 11 of the last 12 months.

"That's the good news," according to Michael Alter, who is one of the founders of SurePayroll, a company that offers online payrolls services to small companies around the country. "It's the pace of growth that concerns. Year to date in 2005, small business hiring is up only a paltry 0.3 percent."

And if that rate continues, Alter notes, "we might end up with a 0.7 percent increase in hiring for 2007."

snip___________________

-- Kathleen Hays is economics correspondent for CNN and contributes to Lou Dobbs Tonight.
http://money.cnn.com/2005/06/03/commentary/column_hays/hays/index.htm

(PS I thought all those tax cuts were supposed to increase small business hiring, at least that's what chimpster said)

[Media_Lies_Daily]

1. So is hiring for major corporations.