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Small-Business Hiring Picks Up

Wall Street Journal (09/03/15) James Freeman

Hiring at small businesses increased in August, according to the National Federation of Independent Business. The report found that NFIB members added a net 0.13 workers per firm in recent months, marking a better level than July’s 0.05 reading. The numbers represent “a large improvement in hiring activity,” according to NFIB’s William Dunkelberg. Despite the volatility on Wall Street this month and the fact that business conditions may not be large enough to pull the economy out of “the same old 2-2.5% rut” for gross domestic product growth in the second half of the year, Dunkelberg says he expects the U.S. Department of Labor’s August employment report to show job gains of 250,000 or more.