Small businesses sees hiring spike.(Brief Article)(Statistical Data Included)
Home Textiles Today, January, 2002
A fourth-quarter spike in hiring by small businesses could be a signal that the economy is poised to rebound in a replay of the hiring pattern that signaled the end of the 1990-91 recession, said Challenger Gray & Christmas, the international outplacement company that tracks layoffs and hiring trends nationwide.
Challenger said that 67 percent of job seekers went to small businesses in the closing quarter of 2001, a steep 22 percent increase from the second quarter increase of 55 percent, which came on the heels of the recession's official start in March. "The recovery from recession, which began in April 1991, was preceded by a first-quarter jump in the percentage of job seekers going to small firms to 69 percent, 30 percent higher than the 53...
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