Share “Data behind the slow pace of small...”

Data behind the slow pace of small business hiring

Associated Press Modified: May 2, 2012 at 5:15 pm •  Published: May 2, 2012

Many small business owners aren't hiring or expanding because the outlook for the economy, or their own companies, is uncertain.

— Employment at small and medium-sized businesses rose by 116,000 in April, after rising 181,000 in March, according to payroll company ADP, which issues a monthly report on employment at companies in the private sector.

—The U.S. economy, as measured by gross domestic product, grew at an annual rate of just 2.2 percent from January through March. That's down from the moderate 3 percent growth during the last three months of 2011.

—The number of people seeking U.S. unemployment benefits remains stuck near a three-month high.

—Consumers are also cautious. Their spending rose 0.3 percent in March, a slower pace than 0.9 percent in February. That matters because many small businesses either sell directly to consumers or their customers are companies that serve the public.


  1. 1
    #JusticeForConrad hashtag surfaces after texts appear to show teen urging boyfriend to kill himself
  2. 2
    Wes Craven Dies: Veteran Director Of 'Scream,' 'Nightmare On Elm Street' Was 76
  3. 3
    Kansas statistician suing the state to obtain election records, says voting results don't add up
  4. 4
    OKC Thunder's Russell Westbrook marries Nina Earl in star-studded Beverly Hills ceremony
  5. 5
    Obama Renames Mt. McKinley 'Denali' Ahead of Alaska Trip
+ show more


× Trending business Article