Small US firms see first jobs gain in 2 yrs-survey

WASHINGTON, Dec 3 (BestGrowthStock) – Small U.S. businesses saw
their payrolls grow in November for the first time in more than
2-1/2 years, although the gain was small, according to a survey
released on Friday.

The National Federation of Independent Business said a
survey of 807 small companies found an average per firm
increase of .01 workers last month. The reading had been flat
in October.

The business lobby group said that on a seasonally adjusted
basis, 14 percent of businesses reported increasing employment
at their firms by an average of 3.4 workers, the highest
reading since December 2007. That gain was tempered by 16
percent of the firms reducing employment by an average of 3.2
workers.

The report comes just ahead of a government report on
nonfarm employment for November. That data, due at 8:30 a.m.
(1330 GMT) is expected to show a gain of 140,000 jobs, down
slightly from October’s increase.

The jobless rate is expected to hold steady at 9.6
percent.

William Dunkelberg, chief economist at NFIB, said the
economy appeared to be strengthening in the fourth quarter.

“Retail sales and income growth in October and November
were strong, promising an even better fourth-quarter economy.
Bottom line, this means more customers and a reason to hire or
re-hire workers,” he said in a statement.
(Reporting by Tim Ahmann; Editing by Padraic Cassidy)

Small US firms see first jobs gain in 2 yrs-survey