Small business hiring flat in January: poll
The National Federation of Independent Business survey of 2,155 firms also found an increase in the percentage of owners reporting hard-to-fill job openings. NFIB said this measure has been a good indicator of the U.S. unemployment rate, and suggests that there might have been a small decline in January.
The U.S. Labor Department is scheduled to release its January employment report later on Friday. Economists polled by Reuters thought it would show a 150,000 increase in nonfarm payrolls, with the unemployment rate holding steady at 8.5 percent.
In the NFIB survey, the net change in employment per firm was nil, on a seasonally adjusted basis. That was a slight improvement from December, when the number of workers fell by an average of 0.15 per firm.
"The indicators are improving, but glacially," NFIB economist William Dunkelberg said in a statement.
NFIB said 11 percent of small business owners added jobs, but an equal percentage reduced employment. The remaining 78 percent made no net change.
The percentage of owners reporting hard-to-fill job openings rose to 18 percent, the highest in more than three years.
The net percent of owners planning to create new jobs fell 1 percentage point to 5 percent, seasonally adjusted, the third consecutive monthly decline.
(Reporting by Emily Kaiser in Singapore, Editing by Jonathan Thatcher)