Small Business Finance News

Small Businesses Planning To Hire

Written by Jenna Weiner
Published: 7/21/2010

CareerBuilder survey reveals that two-thirds of small businesses plan to hire before the end of 2010.

In the most recent CareerBuilder nationwide survey, 32 percent of companies with 500 employees or fewer said they plan to hire new workers from now until the end of December. Among those polled, 21 percent planned to hire workers on a full-time basis, 11 percent plan on bringing on part-time workers and 6 percent said that they would be hiring independent contractors.

Entrepreneur Business Performance

Over the past 15 years, the U.S. Small Business Administration reports that small businesses have accounted for 64 percent of new jobs in the United States. Currently, the SBA says that small businesses employ more than half of the entire workforce in the country. Often, the increase in small business hiring can be a sign of an economic recovery.

"Historically, it has been the small business sector that has created the most jobs at the end of an economic downturn, allowing the overall job market to bounce back faster," said Brent Rasmussen, president of CareerBuilder North America.

Lawmakers in Washington have been making news for small businesses by debating a bill that would set up a small business lending fund to be distributed in communities by local banks. Dow Jones reports that Democrats in the Senate are working to pass the lending bill, despite Republican opposition to what they called a $30-billion slush fund.

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