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Why Small-Business Owners Are Hesitant to Hire

Associated Press (05/13/12) Joyce M. Rosenberg

Many small businesses do not plan to hire additional employees because of the uncertain economic picture. The economy is growing, but at a slower rate than was seen late in 2011. Furthermore, the pace of hiring by small companies is slowing, according to ADP. When small businesses begin taking out loans, that could be a sign that hiring will pick up. Currently, however, most small businesses aren’t even tapping their open lines of credit, says Paul Merski, chief economist with the Independent Community Bankers of America.