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Hiring trends remains slow for small businesses


A survey from the National Federation of Independent Business showed that hiring by small businesses during the month of April remained slow.

The survey of nearly 2,000 small business owners found that roughly twice as many companies eliminated workers as added them during the month. In addition, the number of new jobs per company dropped to 0.04, down from 0.17 last month, and just 14 percent said job openings had remained unfilled.

"The small-business community is still hurting," said William C. Dunkelberg, chief economist for the NFIB, in a statement Thursday. "If the unemployment rate falls, it will certainly not be a result of strong economic growth."

Future outlook for hiring also remains slow, with just 16 percent of companies planning to increase their payrolls, while 6 percent say it's likely they will cut positions.

Making employment decisions is never easy, and a disgruntled former employee could choose to take legal action. Having small business liability insurance may protect business owners in that situation.

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