Original post made
by SCUBAMom, Highland Oaks,
on Dec 14, 2011
WASHINGTON (AP) New and smaller companies, more than the big multinationals surveyed by the roundtable, tend to drive job creation, particularly in economic recoveries. Businesses with fewer than 500 employees have created about 65 percent of jobs in the past 20 years.
Two-thirds of chief executives of the largest U.S. companies say they don't plan to increase hiring or will cut staff in the next six months, mainly because of sluggish growth in the United States and financial turmoil in Europe.