According to the Gazelle Index, more than twice as many small businesses plan to hire workers than to lay off workers over the next three months. This is true for businesses owned by blacks, whites, men and women–but not for Hispanic/Latinos.
African American small business CEOs expressed the greatest optimism about the economy’s future and they plan to engage in the more hiring over the next three months than will any other race or ethnic group.
November unemployment report is an encouraging sign that the economic recovery is solid. The economy is avoiding the triple threat to growth: European debt crisis, Congressional stalemate on the debt, and lack of investor confidence.
The US economy is facing a triple threat: fallout from the European sovereign debt crisis, the stalemate in Washington surrounding the budget deficit, and consumer and investor uncertainty.