Monday, November 7, 2011

7-in-10 Blame Economy for Hiring Freeze

The meager job numbers for the past several years will not bring the unemployment anytime soon. Economist is anticipating to be over 9% unemployment for the rest of the year. The survey suggest that over-regulation by the Obama Administration is killing this economy. This is causing many small business enter in survival mode. They are protecting their capital and preventing bankruptcy. In fact, unemployment will not improve before the 2012 election. Thus, Obama will be running for re-election with a very high unemployment. The president only change to win in 2012 is by cheating or character assassination. There is no way the president can brag on his accomplishments. From the US economy to a failed foreign policy, Obama is a complete failure.

(USNEWS) The Obama economy is so bad that 77 percent of small business owners do not plan to hire any more workers despite all of Washington's hype that the business climate is getting better. Worse: 64 percent of small business owners in a new survey provided to Whispers see the nation teetering on the verge of another recession.

Most shocking of all in the survey of small and medium sized business owners is that many would like to hire more workers but can't, and new financing rules imposed by hurting banks have made getting loans sharply more difficult than in the past.

"Despite positive job numbers for the month of October, it is clear that business owners have a differing view of the economy," said Connie Certusi, executive vice president and general manager of Small Business Accounting Solutions, a division of Sage North America. Sage, a business management software supplier, conducted the survey among its 3.2 million customers.

Sage broke its survey down by the numbers of employees businesses have. Below is the average response of all of those small businesses surveyed.

Key findings of the Sage SMB Perspective on Economic Recovery:

* 64 percent of respondents believe that the U.S. is either in or is headed toward another recession.

* 65 percent of business owners believe the economy has had a negative impact on their business for the last six months; 45 percent believe the economy will have a negative impact on their business during the next six months.

* 45 percent of business owners don't feel the economy has an impact on the number of employees they have.

* 77 percent of business owners think they will maintain the number of employees they have; 7 percent believe they will increase their employee count over the next six months and 8 percent believe that they will decrease their employee count over the next six months.

* 48 percent of business owners would like to hire but can't because of various reasons including economic uncertainty (65 percent), lack of revenue (59 percent).

* 77 percent of small business owners have sought access to financing this year; 67 percent found it more difficult to obtain financing than in the past; 61 percent were able to obtain the financing they were looking for.