Reuters: Small Business News: Small business employment climbs by most in a year

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Small business employment climbs by most in a year Apr 3rd 2013, 13:52 Tweet Share this Email Print Related News Wall Street climbs with health insurers, S&P nears high Tue, Apr 2 2013 Cooling factory activity hints at slowing economy Mon, Apr 1 2013 Consumer data support sturdy first-quarter growth picture Fri, Mar 29 2013 Jobless claims rise, but GDP data shows more growth Thu, Mar 28 2013 Data points to growing economic momentum Thu, Mar 21 2013 Analysis & Opinion Weekly Radar-"Slow panic" feared on Cyrprus, as central banks meet and US reports jobless The stagnation behind the excellent jobs report People wait in line to meet with job counselor during a job fair at Workforce1 in New York September 6, 2012. Credit: Reuters/Brendan McDermid ( WASHINGTON | Wed Apr 3, 2013 9:52am EDT WASHINGTON (Reuters) - Small business employment grew in March by the most in a year, a sign of ongoing healing in the labor market despite government belt-tightening that is expected to weigh on the economy. The National Federation of Independent Business said on Wednesday that employment grew by 0.19 workers per firm last month. It was the fourth straight month in which employment grew and the highest reading since March 2012. The increase comes despite a series of austerity measures enacted by Washington, including a tax hike in January and across-the-board budget cuts enacted in March. Most economists think austerity will hold back economic growth this year. The increase in employment at small businesses could bode well for hiring in the overall economy, although a separate measure of job creation among private employers pointed in the other direction. The ADP National Employment Report showed 158,000 new private sector jobs in March, the weakest gain in five months. The government is expected to report on Friday that employers added 200,000 jobs last month, according to a Reuters survey of economists, down from 236,000 in February. The unemployment rate is seen steady at 7.7 percent. (Reporting by Jason Lange; Editing by Nick Zieminski) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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