What is the effect of the 8.6 percent unemployment rate on small business hiring?
Depends on who you ask. While one member of the CNBC.com Small Business Council told Squawk on the Street this morning that it would have little effect going forward, another said that he is already ramping up hiring heading into 2012.
Madelyn Alfano, owner of Maria’s Italian Kitchen, a chain of restaurants in Southern California, said that while she believes the numbers could help consumer confidence, “it’s a built of a false number in terms of jobs. The large department stores are hiring for the holiday season, which is boosting unemployment.”