August 30, 2014

CHART OF THE WEEK: Modest Gain in Microbusiness Hiring Plans

microbusiness-hiring

In February 2011, more microbusiness owners were planning to hire than were planning to lay people off.  The Discover Card Small Business Watch, a monthly survey of owners of businesses with 1 to 5 employees, found that 3% more business owners were planning to hire than to cut staff when asked about their employment plans last month.

Whether this proves to be a lasting trend or not remains an open question.  Back in June 2010 four percent more microbusinesses were planning to add rather than drop employees, but the pattern then reversed itself for several months.  In fact, the six month moving average of this measure –- the thin black line in the chart below –- has deteriorated after improving several times since the Great Recession began.

Microbusiness Hiring Plans (Aug 2006 to Feb 2011)

Click for larger chart

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Scott Shane


Scott Shane Scott Shane is A. Malachi Mixon III, Professor of Entrepreneurial Studies at Case Western Reserve University. He is the author of nine books, including Fool's Gold: The Truth Behind Angel Investing in America ; Illusions of Entrepreneurship: and The Costly Myths that Entrepreneurs, Investors, and Policy Makers Live By.

One Reaction

  1. That’s an awful gloomy chart over the last couple years. Glad to see even a little ray of sunshine.

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