The Wells Fargo/Gallup Small Business Index, a survey of 601 small business owners, shows a net hiring reading of -10 in January. The percentage of small-business owners that increased hiring during the last 12 months dropped to 12% from 14% in November, but those reporting a reduction in job positions slipped to 22% from 26%. While most small businesses were not hiring due to overall business conditions, 81% said they did not need employees, 74% said revenues or sales do not justify hiring more workers, 66% expressed concerns about the economy, 61% cited health care costs, 56% cited new government regulations, 55% cited cash flow and payroll concerns, and 32% said it was difficult to find qualified employees.
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