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Business more optimistic, but still not hiring

Unemployment Insurance

Businesses expect their companies to perform better this year but that optimism still isn't translating into a push to hire more workers, according to a new survey from the National Association for Business Economics.

Of the 64 members who responded to NABE's January survey, most said they saw stronger sales in the final months of 2013, and 43 percent expect their companies to modestly hike selling prices this year. That's the highest percentage in more than 12 months. Most respondents don't expect the new health care law or the Federal Reserve's easing of its stimulus policies to have a major impact on business, either. However only 37 percent expect to create jobs in the next six months, the same as in NABE's October survey.

For the fourth quarter, only about a quarter of respondents said their companies expanded payrolls. Those most likely to report increased hiring were from the manufacturing, finance, insurance and real estate sectors.

The U.S. unemployment rate fell to 6.7 percent in December, its lowest point in more than five years. But that wasn't because people found jobs. Rather, they stopped looking for work altogether, making them no longer counted as unemployed.

About 70 percent of those who responded to NABE's survey predict that the economy will grow between 2.1 and 3 percent this year. That too is little changed from October, but it is more optimistic than the 2.3 percent growth forecast by the Fed. On Thursday, the Conference Board reported that its index of leading indicators rose modestly in December, suggesting that growth will remain steady early this year.

The survey results "suggest that economic growth accelerated to a moderate pace during the fourth quarter of 2013 from its modest pace the previous quarter," said NABE President Jack Kleinhenz, principal and chief economist at Kleinhenz and Associates in Cleveland, in a statement.

The survey, released Monday, analyzed responses given between Dec. 19 and Jan. 6 from members with companies employing anywhere from 1 to more than 1,000 workers.

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John January 27 2014 at 9:55 PM

If ur unemployed and want a job get it together and do something! Every unemployed person from all across the country needs to get up off the couch and block the main downtown intersection of every town on Labor Day. Add in those who had a decent job but now are under employed at some dead end part time crappy job as well. I say we all meet at noon and stay there until 4PM and NO cars go through! We would get national coverage and the truth would be out as I figure it would be the largest march in American history! Call everyone you know in this situation. Put signs at the unemployment office. DO something now!

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wbearl January 27 2014 at 2:09 PM

My son wants to hire a couple people for his business, but he has no idea how Obamacare will effect him or his employees and every time he turns around someone is yelling to raise taxes, so how much will he need to put aside for taxes this year, no one knows. While he pays more than minimum wages, if minimum wages go up regular wages will have to co up as much. If minimum wages start catching up to what he pays, it will be harder to get employees, why work for him when you can work at Mc Donalds for just as much. He says in all his years of owning his own business the future has never been so unsure and confusing.

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1 reply
bob_martinez5 wbearl January 27 2014 at 2:21 PM

It is an unfortunate result of Obamacare, tax increases and minimum wage. Tonight Obama will be discussing all of these and there are some boneheads who will think these are all a good thing. Those boneheads are also known as DEMOCRATS.

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bob_martinez5 January 27 2014 at 2:24 PM

It won't be long before we the taxpayers are going to end up bailing out the insurance companies like we did the automobile companies and the big banks. THAT is how Obama fixes things...and that is not fixing things! It's raising taxes on an already overtaxed country.

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bhtxd004 January 27 2014 at 2:31 PM

we are an entitlement society and someone has to pay for it, when business is forced to pay higher taxes or pay for insurance, then they either have to raise prices or make cuts. Thanks to Obamacare many now have their hours cut and have lost any benefits they may have had, or have lost jobs alltogether. There are plenty of jobs out there for skilled people , so if you expect to get paid a lot of money for standing behind a counter drooling out the corner of your mouth guess again. My grandson went to work last week at $28.00 an hour thanks to the skills and work ethic I taught him, his peers are asking "do you want fries with that?" so get off your ass, get educated and learn a trade or a marketable skill , and shut up

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Artsfww January 27 2014 at 12:05 PM

the jobs are going to China, where else

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1 reply
deebeedonny Artsfww January 27 2014 at 12:35 PM

yes, the jobs have gone to China. During 2000-2008 while George was steering the ship, there were more american jobs outsourced than any other administration in history... Many iconic american companies built and relocated operations to foreign countries while they closed down american factories, outsourced jobs, stipped profits, then filed bankruptcy, stripped workers pensions, leaving stranded hundreds of thousands of american workers, then getting those hefty Bush tax code provisions that gave them hefty tax breaks, write-offs, loopholes for doing so. There were claims that the now Republican Senator from Pennsylvania, before he was elected, was hired by a Chinese billionaire and was responsible for thousands of Pennsylvania jobs being shipped to China. Now, this guy sits on the US Senate??????

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floatgod January 27 2014 at 2:50 PM

If YOU think it is bad today just wait until 2016 if Hillary gets voted in! More business will be running for the southern border. You know the one her husband opened up when he signed NAFTA.

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1 reply
mcgowann floatgod January 27 2014 at 3:24 PM

Clinton, while signing the NAFTA bill, stated that "NAFTA means jobs. American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement."

He couldn't have been more wrong. Jobs left the U.S. and went to Mexico at an astronomical rate.

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2 replies
floatgod mcgowann January 27 2014 at 3:32 PM

As Ross Perot said when Clinton signed the bill: "That whooshing sound you hear are jobs leaving the U.S."

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hcampy mcgowann January 27 2014 at 3:33 PM

NAFTA? We don't haf'ta! Keep American jobs here!

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quintondall January 27 2014 at 11:58 AM

well... welll... well.. When us apolitical people tried to mention this a while ago we were called haters/Obama haters, go back to to our conservative hole etc. I believe in equality... I hate all politicians the same!! Many have been trying to warn everybody that the economy is NOT improving like the numbers fool everyone into thinking and this was the explanation... for a long time. Not only that, but the downgrading of the quality of the jobs of those that are employed is also not reflected in the numbers either. But everbody just keeps cheering the man on and all his buddies because UE is coming down. Further to this we are too heavily reliant on consumerism (retail) for employment as well. All of them people (I use the term lightly) in Washington DC do not care. They just care about the numbers. They treat it like an academic exercise thay are being graded on. NOW the press is suddenly writing articles on this. Really!! Many warned of this for a long time now. My condolences to the unemployed and I hope you find something.. keep the faith and keep looking.... never give up... never surrender.

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2 replies
salleym137 quintondall January 27 2014 at 12:05 PM

Great post The only way to stop this idiocy is to make the Politicians accountable. Vote them out, actually read the laws. Politicians are strictly there for thier own power and money. Both parties are pretty useless and self serving, hold them accountable. While I agree our education system continues to "dumb" our younth down on purpose, challenge ourselves and learn a STEM position, learn a trade there will always be a need for plimber, electircian, landscaping, service labor. knowledge is power can not replace the guy that makes a differnce in thier place of business no matter the deicpline.

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BlessedWithABrain quintondall January 27 2014 at 12:21 PM

Thanks for your post - you are absolutely right. Conservatives have been called every name in the book and now... liberals everywhere are backpeddaling because they are learning the truth. This administration is dangerous and I'm relieved to know people are starting to ... wait, what was it Samuel L Jackson said... WAKE THE EF UP!

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Ivan Teran January 27 2014 at 11:57 AM

Let me guess: "It's Bush's fault!"

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posthuf January 27 2014 at 11:56 AM

It would seem our so-called media is finally catching on to the BS coming out of the administration THEY pushed so hard to get elected - twice!

Not counting people does NOT make the unemployment number really go down. It only exacerbates the unemployment problem, and leaves even more people disenfranchised.

The people of the US MUST speak out against a media that would cause the total destruction of our way of life. It may not be perfect, but IT IS the best we have, and IT IS the best on the only planet we live on.

Romney may not have mounted much of a campaign, but I lay that directly at the foot of the media who accused everybody who disagreed with anything this administration has said or done as 'racist' or 'uncle tom.'

And that includes hollywierd and all those "political experts" who can't speak a full line unless somebody else wrote it and another somebody tells them how to say it.

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samedayrooter January 27 2014 at 11:47 AM

Media is halfway to understanding this Rebounding Myth Economy...first of all it's not rebounding and as soon as Media can wake up and realize just because people no longer feel like reporting to Unemployment offices does not mean they topped looking for work..Most are looking for work all the time but feel it's pointless to report to Unemployment if they have no more help coming from them..Many stop cause EUI has ran out and can no longer afford to pay for iternet to Report ..I mean really though ? who would waste thier time Reporting to unemployment if it's pointless for them ? lol..People have not given up looking for work,they have given up on Government B/S is all.

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