NEW YORK (AP) — Small businesses created no jobs last month, according to a survey released Thursday by the National Federation of Independent Business.
The small business advocacy group said the survey of its members shows that small businesses lost an average of 0.05 workers in August. That reading, which NFIB Chief Economist William Dunkelberg called "essentially zero," showed that business owners remain reluctant to hire because of uncertainty about the economy and the November elections.
The NFIB said 78 percent of the business owners who participated in the survey made no changes in employment over the last three months. Twelve percent added an average 2.7 workers and 10 percent cut their payrolls an average of 2.5 workers.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
