09/15/2019

No Shutdown for Small Business

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, America’s small companies were ramping up their historic effort to employ new workers. That’s according to the latest National Federation of Independent Business employment survey, due out later today.

“Job 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,” reports NFIB Chief Economist William Dunkelberg. He adds that the measurement of January’s job creation among small firms was “the best reading since July.”

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 America’s small firms. “Thirty-five percent of all owners reported job openings they could not fill in the current period, down 4 points from December’s record high. Labor markets are still tight,” says Mr. Dunkelberg.

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