Sunday, November 07, 2010

NFIB: Small Business hiring "improves slightly"

by Calculated Risk on 11/07/2010 06:28:00 PM

The National Federation of Independent Business (NFIB) will release their small business confidence survey on Tuesday. They pre-released the employment results: Job Creation Plans on Main Street Improve Slightly

[A] seasonally adjusted net 1 percent of owners [plan] to create new jobs, 4 points better than September. Although expectations for business conditions and real sales trends improved in October, it wasn’t enough to produce a surge in job creation plans which remained mired at recession levels. The NFIB labor market indicators are underperforming all recovery periods since 1973.”
Small business hiring has been weak in the current recovery, and any improvement is plus - however it is important to note that a large percentage of small businesses are real estate related (compared to all businesses).

  • Summary for Week ending Nov 6th. With plenty of graphs (employment, Fannie/Freddie/FHA REOs, auto sales, etc).
  • Schedule for Week of Nov 7th