What Layoffs Mean for Small Employers

Statistics show that small business hiring is at a standstill, but some companies are finding creative strategies to retain workers for the next upturn

When it comes to hiring, the news has been brutal. In early December, the Bureau of Labor Statistics reported that 533,000 jobs were shed in November. It was the 11th straight month of job losses, pushing the unemployment rate to 6.7%. Adding to the dismal set of numbers, November also marked the largest one-month job loss since December 1974.

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