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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, July 13, 2012

If the slaveringly rightest NFIB says the problem is demand, then...

In the latest NFIB (National Federation of Independent Businesses) small business sentiment survey, a mere 6% cited labour quality issues as a top concern. There were times In the past when more than 20% had the quality of available labour as their top complaint Labour costs were cited by only 2% of the sample of 740 as their chief concern too. If there is a noncyclical impediment, maybe it is in the form of govemment red tape (19%) and taxes (21%). But the one complaint that received the most votes was the sales environment and 23% cited this as their primary difficulty at the current time - just more evidence that much of the troubles in the labour market is related to soft cyclical forces.
---Rosenberg today

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