March US job creation steady from Feb–NFIB survey

NEW YORK, April 1 (Reuters) – The pace of hiring by U.S.
small businesses was steady in March from February, though the
number of companies planning to create new jobs fell, a survey
published on Friday showed.

The National Federation of Independent Business said its
survey of 811 businesses found that job creation last month
repeated February’s gains, “confirming that the number of net
new jobs reported on Main Street was decidedly positive.”

“Unfortunately, the net percent of owners planning to
create new jobs (increasing the total number of workers
employed) lost 3 points, falling to a net 2 percent of all
firms, low, but still 12 points better than the recession low
reading of negative 10 percent reached in March 2009,” the NFIB
said in a statement.

The U.S. economy now produces more output than at its peak
in 2007 but uses 6.8 million fewer workers to do it, the
small-business group said.

The U.S. economy is expected to have created 190,000 total
non-farm jobs in March, according to a Reuters survey of
economists for the government’s payrolls report, due Friday at
8:30 a.m. (1230 GMT).
(Reporting by Padraic Cassidy; Editing by Kenneth Barry)

March US job creation steady from Feb–NFIB survey