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June 18, 2019

Businesses, watching economy, play it safe with hiring

By JOYCE M. ROSENBERG
AP Business Writer

NEW YORK — Small business owners, their eye on the economy, are playing it even safer when it comes to hiring.

A U.S. Chamber of Commerce-MetLife survey released last week found that 28% of small businesses plan to increase their staffs in the next year, down slightly from 29% in the first quarter. The survey, taken between early April and early May, found that hiring was likely to be weaker in some industries; for example, 24% of retailers said the plan to hire, down significantly from 30% three months earlier. That is a likely response to slowing consumer spending. Manufacturers, however, are looking to hire — 35% said they'd create jobs versus 28% in the first quarter.


 
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