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Main Street Update: “Record job creation, higher wages and robust expansion plans.”

March 07, 2019

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Wall Street Journal

Small Business Hiring Breaks Record

By James Freeman

March 7, 2019

The great American jobs machine is still roaring. Slowing global growth and trade friction may cloud the economic horizon, but U.S. small businesses in February went on an historic hiring binge. That’s according to the latest employment report from the National Federation of Independent Business, due out later today.

. . .

Readers can be forgiven for thinking that the economy is headed back down to the slow-growth new normal of the past decade. That’s certainly the consensus in the media industry. But across all industries, the owners of small firms don’t seem to share that view. After the February hiring spree, the survey finds plans for future job creation remain robust and the main obstacle is not lack of business opportunities, but a lack of workers to take advantage of them.

. . .

Small firms in the U.S. are reporting record job creation, higher wages and robust expansion plans.

All of this may have U.S. workers raising a toast to the new abnormal.

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