The percentage of firms expecting more sales rose to the highest level in more than three years. This is worth celebrating because lack of sales growth has been the No. 1 problem for small businesses.
There’s also evidence that these companies are beginning to invest for the future again. The number of firms in the NFIB survey who said they planned to hire more workers rose in December to the highest level in more than two years.
More importantly, these companies are actually hiring, not just talking about it.
In December, employment in small firms (fewer than 50 employees) rose by 117,000, the biggest gain in nearly five years, according to the ADP employment report.
For confirmation, the Intuit small business employment index (which covers even smaller companies with fewer than 20 employees) has increased for 15 months in a row. The average employee at one of these companies is working nearly three hours more per month than she was during the worst of the recession.
--DM
--DM
Source: MarketWatch.com
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