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US Chamber Small Business Outlook Survey Results - Thursday, May 19, 2011
Last week the US Chamber released the results of the Chamber’s inaugural Small Business Outlook Survey — a nationwide survey of 900 small business owners.
 
According to the survey, 55% of respondents cited economic uncertainty as their greatest hiring obstacle, and 35% said Washington uncertainty impacted growth. Thirty-five percent cited too little revenue as their greatest obstacle. Seventy percent of respondents said they do not plan to hire new employees next year, and 9% will continue layoffs.
 
Here are a few other notable results:
  • Two of the top issues of concern are America’s debt and the health care law. Eighty percent of respondents said America’s debt and deficit have a negative impact on their business, and 72% said the health care law has made hiring more difficult.
  • Small businesses want Washington to get out of the way. In a commanding majority, 79% of respondents said they want more certainty, and only 14% said they want more government assistance.
  • By a 73% to 17% margin, respondents said that the climate of the last two years has hindered their growth. Respondents were split in how they view the next two years, with 38% believing the climate will improve, 37% believing that it will worsen, and the remainder uncertain.

For more information visit: HTTP://www.uschamber.com/reports/small-business-outlook-survey-april-2011

 

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