Report: Record 63 Percent of Small Businesses Freeze Hiring

The Center Square (Casey Harper), The Star News Network

The small business network company Alignable released the survey Wednesday. It found

63% report putting hiring on hold “because they can’t afford to add staff, and 10% of that group is laying off workers.” “This decline is quite significant, as it’s 18 percentage points higher than it was in July (at just 45%),” the report adds. “Beyond that, the percentage reducing their staff jumped 6% to 10% this month from just 4% in July.”