Small Firms Lagging, With Bulk of Job Losses

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Thu Aug-19-10 08:55 AM
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Small Firms Lagging, With Bulk of Job Losses

Small Firms Lagging, With Bulk of Job Losses

By SARA MURRAY

Most of the job losses at the end of last year took place at the smallest firms, underscoring how small businesses are lagging in the recovery.

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"Although small businesses account for a large share of gross hiring activity, they also account for a large share of gross firing activity. There is a huge amount of churn in the small-business labor market," said Zach Pandl, an analyst for Nomura Securities.

Many economists believe the recession had ended by the fourth quarter of 2009, and the job market has slowly begun to improve.

But small businesses have lagged, in part because access to credit is still tight.

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Thu Aug-19-10 01:54 PM
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