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small biz still bearish
Tue, Aug 11, 2009
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This post was written by:
Joel Cheesman - who has written 1471 posts on Cheezhead Recruiting News and Opinion.
One of the most widely-read bloggers on emerging recruitment issues in the world. Accomplishments include being named Recruiting.com’s Best Technology Recruitment Blog and Best Recruiting Blog. Joel's been featured in Fast Company magazine, BusinessWeek Magazine, Resumes for Dummies, U.S. News & World Report, The Wall Street Journal and more. Plug into Joel via Twitter, MySpace, Facebook, iTunes, YouTube or Flickr.
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August 11th, 2009 at 12:49 pm
Joel,
I saw this on CNBC and was going to send it to cheezhead so I’m glad you saw it and posted it. Here’s my take:
Yes, optimism is still up but does that indicate that the abundance of good news about the economy means we are fast climbing out of this recession? A ten point decline (from 6 months ago) in small business owner confidence thinking the economy would be better by now is a pretty steep drop. Since small businesses aren’t ready to commit money for hiring means to me that small business unemployment isn’t going to get much lower than 9.1%. The impact, I think, could mean that small job boards already struggling to stay in business will get hit especially hard.