NEW YORK (AP) --
Even as the economy extends its growth and small businesses slowly add jobs,
most owners are still holding off on hiring.
Small businesses
have not been hiring at the pace that's needed for a robust economic recovery,
and many owners have no plans to add to their payrolls, according to recent
surveys. In three released last week, the most optimistic reading came from
Bank of America Corp., which found that 52 percent of owners plan to hire over
the next 12 months. But Wells Fargo & Co. found only 21 percent planned to
hire, and in a Citibank survey, 25 percent had plans - numbers consistent with
other surveys in the past year.
Some
owners who do want to hire face obstacles like finding workers who can and want
to do the job. In monthly reports from the National Federation of Independent
Business, owners have said they can't find people with the skills they need.
What
will it take for companies to hire? The answer differs from one business to
another.
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