Most small businesses hold off on hiring

Jeff Winkler (admin) | Contributor

Things are still patchy for those seeking employment at mom-and-pop stores. According to the Wells Fargo/Gallup Small Business Index, small businesses are reluctant to add to their family of employees and are cutting back on current workers’ hours.

The news comes on the heels of recent government incentives aimed at promoting just the opposite.

According to the Phoenix Business Journal:

Fifty-two percent of the owners surveyed April 12-16 say it is very unlikely that tax credits for hiring unemployed workers will prompt them to increase staff.

Fifty-three percent say they plan to maintain current staffing levels – only hiring as many employees as needed. When asked about changes in available weekly hours for employees, 67 percent say they have kept weekly hours the same. Nineteen percent say they are decreasing hours.

Full story: Most small businesses hold off on hiring – Phoenix Business Journal

Tags : business finance economics economy business human behavior jobless jobless claims labor wells fargo
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