Small Business Hiring Slows, Another Sign Economy Could Be Weakening: Report

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Knewz

By Alex Lang New York (Knewz) — The number of employees hired by small businesses saw a decline in October, continuing a downward trend, according to a report. The figure comes as analysts try to read the ever-changing tea leaves and predict where the U.S. economy is headed. According to the recently released CBIZ Small Business Employment Induct, there was a 1.94 percent decrease in hiring for companies with 300 or fewer employees. That is the third straight month with declines. In October, about 17 percent of small businesses increased staffing, 57 percent saw no change and 26 percent decrea…

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