International Economic
US small company hiring plans slip in February
By Alexander Bueso
Date: Friday 07 Mar 2025
(Sharecast News) - Job openings at small companies in the US rose a bit last month, even as plans to hire continued to fall back, the results of a closely followed survey revealed.
The National Federation of Independent Business's Small Business Economic Trends survey showed that 38% of all owners said they had job openings that they had been unable to fill.
That was up by three percentage points from January.
A seasonally adjusted net 15% of owners meanwhile were planning to create new jobs, which was three percentage points less than a month before.
The survey results were released a day ahead of the monthly non-farm payrolls reports for February.
Consensus for the NFP number was 158,000, although according to Bloomberg the so-called 'whisper number' was for a tally of 120,000.
James Knightley at ING was also looking for a softer headline NFP print and a "slight" rise in the rate of unemployment.
The broker noted further noted how "some fear that weather plus changes in government education funding will be a drag on the headline number.
"However, the impact of the DOGE government job cuts may not emerge for another couple of months."
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