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Tuesday, December 13, 2011

Unambiguously Good News On Jobs


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Tuesday, December 13, 2011
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Unambiguously Good News On Jobs

It didn't get much attention, but this morning the latest NFIB small business optimism survey came in stronger than expected, as more and more corporations see good sales and decent business conditions on the way.

This is important, in part, since small businesses have been rather negative on the economy, even while large companies have reported record earnings.

As always, the number that most people care about is jobs, and there the news is particularly good.

As Calculated Risk observes, the percentage of small businesses who say they plan to add employees has hit its highest level in over 3 years (38 months).

We're still not close to the levels of a typical "recovery" but this number is clearly going in the right direction, suggesting that a crucial part of the economy is starting to join the comeback.

Read »


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