Job creation among smaller employers has remained flat, according to a new survey, despite the government's employment report last week that found an overall surge in new jobs in October.
Small business owners with plans to hire more workers and create jobs was a net 11 percent for October, down 1 point from September, according to data released Tuesday from the National Federation of Independent Business. "This time (small business) owners reported no net growth in employment, which is a significant drop from reports in the previous four months," federation chief economist Bill Dunkelberg said in a statement.
The overall recovery since the Great Recession hasn't yielded a hiring surge among small businesses, which have historically accounted for half of private-sector employment.
The ADP national employment report showed private sector employment rose by 182,000 jobs in October.