Economy – News Developments

Job Losses in Small Businesses in USA Due to Recession

February 14, 2011February 14, 2011 - by Dylan Thurston

Recovery of small businesses in the U. S. from the recession was very slow. Most of the job losses during the end of 2009 were seen in small businesses. According to the statistics of labor department, 61.8% of job losses were seen in the fourth quarter of 2009 in the private sector. About 54.1% of new jobs were created. About 29% of all workers were employed by small businesses. However, in 2008, there was a …

SMB's

Financing to Small Businesses in U.S Goes Up: Paynet Inc. Survey

January 4, 2011January 4, 2011 - by Adrian Fisher

According to the latest survey reports released by Thomson Reuters/PayNet Small Business Lending Index, there is an increase of 2% in the borrowings by small businesses in U.S, in July. As per the data released, in August, there is an increase in U.S consumer confidence and hence home prices gained more than expected. The above developments act as a respite for investors, showing the signs of economic recovery from the worst recession in decades. But, …

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US Small Business After Crisis

November 25, 2010 - by Jose Barreto

Small businesses in United States suffered a lot during 2007-2009 recession. As per a recent Deutsche Bank research survey, small businesses are showing an improvement in employment. The key strengthening for the nascent US small business recovery is by improved sales outlook and access to financing. Small businesses have been slow in recovering because of deep losses in the most recent recession. First reason for this is that the construction sector which comprises of 86 …

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Economy Recovery is Still Fragile for Small Firms to Hire New Staff: FSB

November 4, 2010 - by Gavin Moodie

The unemployment in UK as increased to 2.5 million. As per FSB Voice of Small Business Index, small firms are recovering but are not in a position to increase the staff. According to a survey of 1,400 members of the Federation of Small Businesses, about 63 percent of small businesses expressed that they will keep employing new employees on hold till the next 3 months. This shows that the small firms are not yet ready …

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Low Consumer spending is the Top Concern of Small Businesses in UK

October 21, 2010October 21, 2010 - by Adrian Fisher

According to a survey of businesses in UK, the biggest problem faced by small businesses is less customer spending. About 20 percent of the business owners who were polled by the Business Link for its Business Confidence Index mentioned that there was a fall in consumer spending and it is the major concern for the small businesses. About 72 percent of the businesses are still feeling the effects of the downturn when compared to 63 …

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Census Bureau: US Lost 104,000 Business Firms in 2008

September 4, 2010September 4, 2010 - by Majano Luis

According to the US Census Bureau, US businesses with paid employees lost almost 104,000 firms in 2008 which brought the total number to 7.6 million. Nevertheless, the number of people employed increased to 121 million. Businesses added approximately 300,000 employees to their payrolls. In County Business Pattern 2008, detailed annual information on the number of firms, employees, and quarterly and annual payroll for most of the 1,100 industries was covered at the national, state and …

Business

Impact of e-commerce on the worlds Economy

June 11, 2010 - by Majano Luis

Growing information and communications technology (ICT) leads to growth in e-business trend. This e-business has major macroeconomic impact on the economy and it could be justified with evidence of empirical studies. Evidence from empirical studies, showed the impact of ICT on productivity and national economic growth. This is presented along with discussion of e-business, which changes the volatility and complicates measurement of growth. E-business is capable to bring down inflation, but it can also changed …

Society

G-8 Group Pledge For Double Aid To Africa

March 14, 2010March 8, 2010 - by Gavin Moodie

The G8 is a group of developed countries like Britain, Canada, France, Germany, Italy, Japan, Russia and the United States .All these nations of G-8 group promised to step up cooperation against Africa’s poverty. For this goal they pledged to double the donation amount to Africa by 2010. The G8 agreed on the need for concrete cooperation with fast-growing emerging donors such as China and India. To achieve this motive, G-8 groups made transparency in …