NFIB Jobs Report: Small employers disagree if it’s safe to hire again
Small firms that added jobs cancelled out by firms that shed workers
Chief economist for the National Federation of Independent Business (NFIB) William C. Dunkelberg issued the following comments on the organization’s October Jobs Report. The findings are based on the NFIB monthly economic survey. The survey was conducted in October and reflects the responses of 1,502 sampled NFIB members:
“While it took four years for real GDP to regain its previous peak, it took seven years for employment to recover. Over that period, the population grew by about 20 million and the labor force participation rate fell. Labor markets, although improved, are still sloshy. Basically there’s no clear direction among small employers.”