Ask the Expert Talks Jobs: Small Business Owners Say 'Leave Us Alone'

As part of our Ask the Expert series, we checked in with Brian Hamilton, CEO of Sageworks, which provides financial data on private companies, for a refreshingly candid take on what's happening, what isn't, and why in the jobs market. He thinks small business owners, responsible for the lion's share of hiring, just want to be left alone. He makes the case to DailyFinance in this video:



"There is always a tendency to inflate our perception of current economic woes," Hamilton notes. "This is especially true if there is little understanding of the past." Kind of like when my kids start complaining they're "bored" three hours into a power outage. Hamilton goes on to explain: "Over the past 40 years, the average time between the growth of GDP after a recession and recovery in employment is approximately 19 months. This means we are doing slightly worse than average."

Based on his timeline, the economy began contracting in December 2007, with GDP growth returning in June 2009. So if you thought the economy was getting an F in job growth, take heart: It's more like a C. And the final report card is still to come.


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llwlknsn

It is an FFFFFF++++++. These people continue to outsource US jobs and destroy jobs here or work to suppress immigration law enforcement so that they can insource illegal labor. They are not fooling anyone. In order for there to be a US economy, there need to be US jobs. The Middle class is sacrificed out. I am competing with 400 other job applicants for a single technical job. There is no skills shortage, there is simply no will to invest in America or American workers.

July 28 2011 at 3:28 PM Report abuse rate up rate down Reply
Iselin007

There is over 1 Trillion money being held off the table by Corporations but that does not stop the Nigerian hackers and others from getting their hands on it. Wouldn't it be funny if all that hidden loot ended up in Nigeria?

July 28 2011 at 2:15 PM Report abuse rate up rate down Reply
Iselin007

For those that start fiscal years in July and get new insurance premiums in August the layoffs are precalculated inadvance. There is little new business 6 months out an if there is the coming orders are being farmed out to their China factories meaning you don't have a job!

July 28 2011 at 2:08 PM Report abuse rate up rate down Reply
cbsguards

I liked some of what he said, as a small business owner I also see the uncertianty as an issue. what I don't believe is this notion that some how its Obamas fault. The uncertianty is the Tea partiers reaction to the lesilation, as an example they past the health care reform and know its under litgation at the state levels. This has created the uncertianty. The comment of don't tread on me is a TEA PARTY Mantra I would sugest not suing this but instead lets be honest it is the business community who infact created the reccsion and should be willing to make some riks to hep the country get out of this. Washington is controled by 3 branches and yet the only one controled by the GOP has created this entire instability in Washington and around the cuntry. I believe until the Business leaders in this country come out and say what they want expect from Congress this fight will continue. Please like I already ahve commmunicate with your representative to make this stop

July 28 2011 at 1:51 PM Report abuse rate up rate down Reply
Iselin007

Actually the five year plans followed the previous five year plans so this is just another round of outsourcing.

July 28 2011 at 1:51 PM Report abuse rate up rate down Reply
Iselin007

There are nearly 300 millon people in the US that need to eat did they forget that when they became Global King pins?

July 28 2011 at 1:46 PM Report abuse rate up rate down Reply
1 reply to Iselin007's comment
llwlknsn

They don't care. Those Americans have the audacity to think that they need to live above the poverty level, send their children to college AND enjoy a well earned retirement.

You don't get that in a plutocracy.

July 28 2011 at 3:30 PM Report abuse rate up rate down Reply
Iselin007

A lot of companies were acting out their 5 year plan begun in the last term of Bush's administration. They all got caught up in the cheap labor global grab for un taxable profits. The jig is up bring the jobs back or suit up for WWIII.

July 28 2011 at 1:44 PM Report abuse rate up rate down Reply
rwebb44232

Small businesses and individuals have been seeing hugh increases in health care costs way before the Health Care Reform Act. To blame Obama for rising health care costs is crazy. Furthermore, Dunkie, the economy crashed before Obama took office, yet you blame him for tha, as well. Furthermore, Obama LOWERED taxes on the middle class and small businesses. Furthermore, no one is growing government, in fact, the debate is just how much reduce it by. And, of course, you blame Obama for high gas prices. Did you blame Bush when we had record high gas prices and he was walking around on his ranch holding hands with the Saudi Crown Prince? I love the way you pretend to be a small businessman, adds some credibility to your post I guess.

July 28 2011 at 1:02 PM Report abuse +1 rate up rate down Reply
RWE

Most small businesses who provide employee health insurance already saw a 38% increase in the cost per employee of existing premiums. We absorbed it, but no have no clue how much more private premiums will increase to offset Obama Care. No one knows the future cost to hire, hold, or terminate a future employee. Obama care is a millstone around the neck of commerce and is sinking us all to the bottom of the ocean. Socialism is what has wrecked our economy. Period. The amount of government regulations on small business is sufficating and costly. The more you grow government, the more intrusive they will become on small business.
Aside from that the only other thing that will stimulate hiring is cheap fuel. In fact nothing booms the economy
like cheap gas...but this adminstration will never encourage that.

July 28 2011 at 12:17 PM Report abuse -1 rate up rate down Reply