August 9, 2020 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Small Business News for Entrepreneurs


Small Business Finance News


NFIB Says June Hiring Is A 'bust' For Small Businesses

Written by Ken Gaebler
Published: 7/7/2011

Pending small business report is expected to reveal anemic hiring trends in the SMB sector.

While the official economic survey from the National Federation of Independent Business will be released next week, the current news for small businesses doesn't appear to be positive.

Small Business Data Is a Bust

NIFB Chief Economist William C. Dunkelberg said in a statement that small firms reported job losses in June, as did the net percentage of firms that saw increases in employment over the last three months. He said there was a seasonally adjusted negative 7 percent of owners who increased employment, down about 4 percent from May.

"The poor recovery in the jobs numbers is a result of very low housing starts activity and lagging expenditures on 'services,' both labor intensive industries dominated by small firms," Dunkelberg said. He added that the recent reports show that consumer spending remains weak and housing is not showing hope for construction job creation.

It's not all bad, however. Dunkelberg said 11 percent of businesses plan to increase employment, and 7 percent plan to make cuts. This yields a net 3 percent of small business owners looking to create jobs, which is a 4 percentage point gain from May.

"Going forward, the job picture is a bit brighter than June's actual dismal performance," he said.

Have Friends Who Might Like This Article?

Tweet via @gaeblerdotcom Share this on Twitter

Let them know on LinkedIn

Ready to Learn More? We Think You Might Like These Articles:


About Our Breaking Small Business News

Our journalists cover all aspects of entrepreneurship. Our perspective is all about giving you news you can use to be a successful entrepreneur.



Additional Resources for Entrepreneurs

Help for Native American Entrepreneurs

Resources for Gay Entrepreneurs

Businesses for Sale

Online Entrepreneur Tools


Lists of Small Business Incubators

Lists of Angel Investors