24% of Small Businesses Not Hiring Because They May Not Be In Business a Year From Now; 76% Simply Don’t Need More Employees

The question of the day is “Why Aren’t Small Businesses Hiring?” Most of the answers should be obvious, but let’s take a look at a recent Gallup Poll on Hiring to confirm.

85% of those surveyed — are most likely to say the reasons they are not doing so include not needing additional employees; worries about weak business conditions, including revenues; cash flow; and the overall U.S. economy. Additionally, nearly half of small-business owners point to potential healthcare costs (48%) and government regulations (46%) as reasons. One in four are not hiring because they worry they may not be in business in 12 months.

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via Mish’s Global Economic Trend Analysis: 24% of Small Businesses Not Hiring Because They May Not Be In Business a Year From Now; 76% Simply Don’t Need More Employees.