Posted on 07/13/2010 2:20:45 PM PDT by xzins
(UPI) -- The reading of small-business optimism by the National Federation of Independent Business fell from a level of 92.2 in May to 89 in June, the federation said.
The optimism index found that a net of just 1 percent of small firms indicated they planned to hire in the coming months, Challenger, Gray & Christmas Inc., an international outplacement firm based in Chicago, reported Tuesday in a release on business activity.
Small businesses represent more than 99 percent of all U.S. employers and account for about 60 percent of gross job creation, Challenger said.
A quarterly Challenger survey of jobless managers and executives indicated an average of 3.7 percent started their own business in the first half of 2010, down from 7.6 percent in the first half of 2009, the outplacement firm said.
fell from a level of 92.2 in May to 89 in June... Small businesses represent more than 99 percent of all U.S. employers and account for about 60 percent of gross job creation
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