Global growth and trade friction may cast a shadow over the economic horizon, but a report from the National Federation of Independent Business, shows U.S. small businesses went on an historic hiring binge in February: “Job creation broke the 45-year record in February … The previous record was 0.51 reached in May 1998.”
“Readers can be forgiven for thinking that the economy is headed back down to the slow-growth new normal of the past decade,” James Freeman writes in the WSJ.
That’s certainly the consensus in the media industry. But across all industries, the owners of small firms don’t seem to share that view. After the February hiring spree, the survey finds plans for future job creation remain robust and the main obstacle is not lack of business opportunities, but a lack of workers to take advantage of them.
Small firms in the U.S. are reporting record job creation, higher wages and robust expansion plans.
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