TA-DA! Small Business Owners' Hiring Intent Plunges to 2008 Lows

The people have spoken!

U.S. small-business owners expect to add fewer net new jobs over the next 12 months than at any time since the depths of the 2008-2009 recession...
...In good economic years, net hiring intentions have been in the double-digits. This has not been the case since the recession and financial crisis in 2008-2009 with net hiring intentions reaching a low of -4 in November 2008...

...In November, more small-business owners reported decreasing the number of employees (26%) than increasing (14%), resulting in a net hiring score of -12. That is down from -7 in July and -9 in the prior three quarterly measurements...

It is difficult to blame this on the fiscal cliff, and even more difficult to pin this on Sandy. More than likely, the poor net result is primarily the result of a clear slowdown in the economy (lack of customers).

I believe the US is back in recession and so does the ECRI.

On top of deteriorating economic conditions, also factor in the election and Obamacare...

This history of the Obama administration could be titled Worse and Worser.

Source: http://directorblue.blogspot.com/2012/12/ta-da-small-business-owners-hiring.html

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