The future for job seekers.

The future for job seekers.

Posted in the Minneapolis Forum

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#1 Dec 6, 2012
The future looks bleak for job seekers following the election of Barack Hussein Obama to a second term as Marxist-in-Chief.

20% of business owners expects to reduce the number of jobs at their company over the next 12 months.

That is one scary sentence.

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December 6, 2012

U.S. Small-Business Owners' Hiring Intentions Plunge

Net hiring over the past 12 months declined to -12, down from -7 in July

by Dennis Jacobe


PRINCETON, NJ -- U.S. small-business owners expect to add fewer net new jobs over the next 12 months than at any time since the depths of the 2008-2009 recession, according to this November's Wells Fargo/Gallup Small Business Index survey. Small-business owners' net hiring intentions for the next 12 months plunged to -4 in November, down from +10 in July and matching the previous record low recorded by the Wells Fargo/Small Business Index of -4 in November 2008.

The Wells Fargo/Gallup quarterly survey was conducted Nov. 12-16, 2012, with a random sample of 607 small-business owners. The same survey found small-business owners are increasingly pessimistic about their businesses' current situation and their expectations for the next 12 months.

Historically, net hiring intentions have tended to be very positive, with small-business owners expecting to grow and hire more new employees than they will let go over the next 12 months. In good economic years, net hiring intentions have been in the double-digits. This has not been the case since the recession and financial crisis in 2008-2009 with net hiring intentions reaching a low of -4 in November 2008. There was considerable improvement in small-business owners' hiring expectations during much of 2012, prior to the recent November plunge, but now expectations have deteriorated to tie the low recorded in 2008.

In November, 21% of owners say they expect to decrease jobs at their companies over the next 12 months, the most recorded on this measure since the inception of the Wells Fargo/Gallup Small Business Index in August 2003. At the same time, 17% of small-business owners say they expect to increase the number of jobs or positions at their companies, down from 20% in July of this year and the lowest level measured since November 2011. Net new hiring intentions are calculated by subtracting the expected decrease in jobs from the expected increase in jobs. Typically, the majority of small-business owners say they do not expect the number of positions at their company to change. In the current survey, 61% expect no change in workforce size.

Implications

The quarterly Wells Fargo/Gallup Small Business Index survey conducted in November shows small-business owners are pessimistic about their operating environment as 2012 comes to a close. As a result, owners' intentions are to reduce capital spending over the months ahead, consistent with a slowing economy. Further, one in five owners also expects to reduce the number of jobs at their company over the next 12 months.

That net hiring expectations at the nation's small businesses have declined to levels last seen in late 2008 is reason for concern. Such low net hiring expectations were followed by massive layoffs in early 2009. While a repeat of that experience seems unlikely in 2013, there is the potential for a serious decline in jobs early next year if small-business owners' hiring intentions do not improve.

Whether the pessimism of the nation's small-business owners is due to the fiscal cliff, Superstorm Sandy, the election, or some combination of these factors, the U.S. economy remains weak and unemployment remains high from a historical perspective. A further sharp increase in small-business layoffs, resulting in higher unemployment on top of the current economic conditions, could turn today's slow growing U.S. economy into something worse.

http://www.gallup.com/poll/159098/small-busin...
Bob Schmahl

Saint Paul, MN

#2 Dec 6, 2012
Here we go again, Smart Liberal posting a biased Gallup poll. But then again we expect lies from Smart Liberal.

The number of jobs is up sharply under Obama and that trend is expected to continue. Americans, especially poor Americans, are much better off under Obama than they would be under a Republican.
Bridgework

Lincoln, NE

#3 Dec 6, 2012
Bob Schmahl wrote:
Here we go again, Smart Liberal posting a biased Gallup poll. But then again we expect lies from Smart Liberal.
The number of jobs is up sharply under Obama and that trend is expected to continue. Americans, especially poor Americans, are much better off under Obama than they would be under a Republican.
Are you bragging about the 2.6 million low paying jobs again?

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#4 Dec 6, 2012
Bob Schmahl wrote:
Here we go again, Smart Liberal posting a biased Gallup poll. But then again we expect lies from Smart Liberal.
The number of jobs is up sharply under Obama and that trend is expected to continue. Americans, especially poor Americans, are much better off under Obama than they would be under a Republican.
You really are stupid. It is the low information voter like you that gave us Round 2 with the Messiah.

AGAIN, you make a claim with no proof - this time regarding jobs.

I know that our business will have fewer employees at the end of 2013 than what we start the year with. We have 2 scheduled to retire on Jan 2nd and we are not going to replace them. I have said it before, we are looking to automation rather than humans for completing tasks in the future.

But little Bobbie says that Small Business Owners aren't going to decrease their employee counts in 2013.

I've got news for you pal, 2013 will be a very ugly year for employemnt if you do not already have a job. And even then, it will be a very ugly year for lots and lots of employees.
Bob Schmahl

Saint Paul, MN

#5 Dec 6, 2012
<whine> The polls are biased! They oversample Democrats! Romney is way out in front!</whine>

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