Last week I talked about the good and the bad of the fiscal cliff deal – a short-term positive that leaves some major long-term questions. One of those that we didn’t cover last week that people are probably wondering about is what this means for small businesses’ job growth in 2013.
In 2012, we saw the number of people on the payroll decreasing very slowly throughout the year. You can see more of this data in the SurePayroll Small Business Scorecard®. Small business owners were simply faced with too much uncertainty to invest aggressively in their businesses (i.e., hiring).
We were hoping we’d have a lot more of that clarity by the beginning of 2013. Unfortunately, the incomplete nature of the fiscal cliff deal and the government’s gridlock makes it looks as if, at least in the beginning of this new year, we could be looking the same type of limited small business hiring growth we saw in 2012.