Nova78
Gold Member
- Dec 19, 2011
- 4,095
- 1,935
Small Business Confidence Retreats After Three Months of Gains
Virtually no owners think the current period is a good time to expand," said NFIB chief economist Bill Dunkelberg in a prepared statement. Plus, "over 75 percent think that business conditions in 6 months will be no better or worse than they currently are," he said.
Although housing and the energy sectors are forecast to add jobs, Main Street collectively has no plans to create new employment in the coming months, according to the monthly sentiment report.
Job Creation Tumbles
Plans to create small-business jobs tumbled in March, falling 4 points to a net zero percent of small employers, who plan to increase total employment, according to NFIB data.
Turns out what's happening in the broader U.S. economyan anemic employment pictureis playing out among mom and pops. Private sector job creation was considerably less than forecast for March. That report was released jointly by ADP and Moody's Analytics last Wednesday.
Overall, it appears that there will be little growth coming from the small business half of the economy and as the world economy slows, maybe even less from big business," Dunkelberg said.
With Obamacare ,higher taxes,and immigration reform. all you will get is a big kick in the ass.......
Virtually no owners think the current period is a good time to expand," said NFIB chief economist Bill Dunkelberg in a prepared statement. Plus, "over 75 percent think that business conditions in 6 months will be no better or worse than they currently are," he said.
Although housing and the energy sectors are forecast to add jobs, Main Street collectively has no plans to create new employment in the coming months, according to the monthly sentiment report.
Job Creation Tumbles
Plans to create small-business jobs tumbled in March, falling 4 points to a net zero percent of small employers, who plan to increase total employment, according to NFIB data.
Turns out what's happening in the broader U.S. economyan anemic employment pictureis playing out among mom and pops. Private sector job creation was considerably less than forecast for March. That report was released jointly by ADP and Moody's Analytics last Wednesday.
Overall, it appears that there will be little growth coming from the small business half of the economy and as the world economy slows, maybe even less from big business," Dunkelberg said.
With Obamacare ,higher taxes,and immigration reform. all you will get is a big kick in the ass.......