Small Business Isn't Helping The US Jobs Recovery

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Tuesday, March 12, 2013 Small Business Isn't Helping The US Jobs Recovery The U.S. economy added 236k jobs in February and the unemployment rate fell to 7.7 percent. As slow as hiring has been, small businesses have been hiring far less than the big corporations. From TD Securities' Millan Mulraine: Labor market underperformance: The small business sector has generally been a key source of employment growth in the US economy, accounting for close to 55% of all the private sector jobs created between mid-2003 and the beginning of the last recession. Its overall contributions has fallen dramatically in recent years, accounting for a miserly 33% of the jobs created since the economic rebound. This disappointing performance has been reflected in the massive divergence between the plans to hire sub-component of the NFIB and its composite employment counterpart. Mulraine writes that part of the problem is limited access to credit. "Indeed, while overall credit conditions have been on the mend, access to credit has generally been identified as a sour point for small business owners," he writes.  "Consequently, the proportion of businesses indicating a willingness to increase capital spending has held steady at around 20%, which is well below the 30% average prior to the recession, suggesting that credit access has remained a binding constraint for both hiring and capital spending decisions." Read » Also On Money Game Today: Legendary Investor Howard Marks Is Giving This Presentation On 'Investing In Uncertain Times' 5 Smart Insights For Financial Advisors Advertisement CHART OF THE DAY: A Developing Stock Market Trend Continues To Make The Bears Look Like Fools CHART OF THE DAY: THE SCARIEST JOBS CHART EVER CHART OF THE DAY: Investors Are Getting Really Pessimistic Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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