facebook
twitter
search
search

Small businesses hiring plans at post-recession high

Sept. 10, 2013 at 2:28 PM

WASHINGTON, Sept. 10 (UPI) -- Small U.S. businesses are planning to do more hiring than they have since 2007, a national trade group said.

The National Federation of Independent Business said Tuesday that a survey of owners of small businesses found their optimism index in August fell 0.1 points to 94, sales were down and payroll numbers fell for the fourth consecutive month.

Nevertheless, the Los Angeles Times reported, the index measuring the intention to hire over the next three months rose by 7 percentage points to 16 percent in August, the highest level since before the last recession.

"If this reading is not a fluke, it signals a substantial resumption of hiring in the coming months," the NFIB report said.

"Hopefully, the September survey will validate the August readings and reports of actual hiring turn positive," the report said.

The trade group's chief economist, Bill Dunkelberg described the data for August as "rather perplexing," given hiring intentions hit a post-2007 rose while a sales index fell 17 percent, the second-largest drop since 1986, when the survey began.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Google apologizes for photo app that tagged black couple as 'gorillas'
E-2D aerial refueling capability passes CDR
Shell to tap new Gulf of Mexico oil
Norway: New reserves found in North Sea
Canada awards license for LNG exports to Asia