Survey Shows Small Business Growth
Reuters reported that according to a monthly survey done by the National Federation of Independent Business, U.S. small businesses added an average of 0.3 new employees per business in June. Although the increase is not large, the NFIB comments that it is a "good number."
The study also showed that the economy is expected to slow during the second half of 2006. According to the Reuters article, this means fewer customers to take care of and less to put into inventory.
Other findings from the study include:
• Fifteen percent of companies surveyed plan to create new jobs in the next three to six months
• Five percent of the companies plan for cutbacks
• Fifty-one percent of businesses hired or attempted to hire at least one employee last month
• Eighty-eight percent of the companies reported few or no qualified workers
• Twelve percent of owners complained that availability of qualified labor was their top business problem
To read this full report, click here.
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