small business
Small businesses are not a major job creatorPosted by RJ and Makay on Mar 21, 2012 |
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The economic downturn of 2008 put a spotlight on small business and the media often pointed to small business as an engine of job growth, according to a recent Wall Street Journal (WSJ) article. The article focused on what extent small businesses actually create jobs, and queried experts to gain insight into the various types of small businesses and the goals of the people who run them.
U.S. banks maintained tight credit standards in the fourth quarter of 2011 in the face of rising demand for loans, according to the latest quarterly survey by the Federal Reserve. Commercial and industrial loans were little changed from the previous quarter and European economic turmoil caused U.S. banks to tighten credit there, the survey shows.
Less than a quarter of hiring managers plan to add more employees to their company rosters in 2012, according to a recent CareerBuilder survey that polled more than 3,000 human resource and hiring professionals. 23% of survey recipients said that they would add full-time permanent staff, down slightly from 24% who said the same last year. 7% of companies plan to cut staff in 2012, the same percentage as last year.
