Small business hiring weak for third straight month in September

WASHINGTON Thu Oct 4, 2012 2:25pm EDT

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WASHINGTON (Reuters) - Hiring by U.S. small businesses weakened in September for a third straight month, weighed down by economic uncertainty, suggesting lackluster job gains in the overall economy.

The National Federation of Independent Business said the net change in employment per firm slipped 0.23 last month after declining 0.05 in August.

"Uncertainty has cast a cloud over the future for owners, making it difficult to make commitments to new spending and hiring," the NFIB said in a statement.

The survey was released ahead of the government's more comprehensive payroll count on Friday. Nonfarm payrolls likely increased 113,000 in September, according to a Reuters poll, after rising 96,000 in August.

The unemployment rate is seen rising a 10th of a percentage point to at 8.2 percent. The NFIB survey showed a marginal decline in the share of employers reporting difficulties filling job openings last month.

(Reporting By Lucia Mutikani; Editing by M.D. Golan)

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Comments (1)
kbelie wrote:
, the economy needs to create 282,000 jobs a month for the next 5 years to get us back to per-recession employment. On average in 2012 the economy is only creating 146,000 jobs a month.

Unemployment numbers are deceptive and only count people looking for jobs, and claims for unemployment. Also, we continue to issue 75,000 worker visas every month.

We’re actually losing jobs and unemployment is getting worse. You have to look at the entire jobs / visa picture to get the real numbers.

Oct 05, 2012 1:50pm EDT  --  Report as abuse
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