Many political reporters have spent the last six weeks cataloging alleged harms to the economy from the partial government shutdown ended last week. Meanwhile outside of government, Americaâ€™s small companies were ramping up their historic effort to employ new workers. Thatâ€™s according to the latest National Federation of Independent Business employment survey, due out later today.
â€śJob creation was solid in January with a net addition of 0.33 workers per firm (including those making no change in employment), up from 0.25 in December,â€ť reports NFIB Chief Economist William Dunkelberg. He adds that the measurement of Januaryâ€™s job creation among small firms was â€śthe best reading since July.â€ť
While many government workers were sitting at home waiting for taxpayer dollars to start flowing again, business owners were hoping that new job applicants would start showing up at Americaâ€™s small firms. â€śThirty-five percent of all owners reported job openings they could not fill in the current period, down 4 points from Decemberâ€™s record high. Labor markets are still tight,â€ť says Mr. Dunkelberg.View Article