Small Business Claims

Small business lending up, signifying economic recovery

28.12.09

Slow and jerky - which will be the economic recovery of 2010, as lenders to small businesses. But it at least once.

Small business owners have felt the pinch of the recession in the past two years, consumer spending has dropped and banks, many who had liquidity problems, stopped lending. But measures have been taken to get cash back and passing through the market to help small business owners a better experience of 2010 that 2009 proved to be.

The district Dallas-Fort Worth from the Small Business Administration has seen firsthand the effects of recession on small businesses.From October 2008 to January 2009, the situation was particularly grim.

"October through January have been terrible for Dallas District Office, and probably worse for the rest of the country. All these months you've had a lot of cases, companies were not so, claim - whether true or not - is that banks were not ready, "said the Small Business Administration's Herbert Austin, Dallas Fort Worth district director. "I can tell you that the rest of the country fared worse than us.

Source: Fort Worth Business Press

Will A New Year Bring New Jobs?

28.12.09

What we know so far is that the dynamics of job destruction has almost exhausted. The continued decline in initial unemployment claims since March has been referred to nothing less. Or, as we wrote earlier this month: The bleeding has stopped ... or almost. But if the decline of the labor market is complete, as it seems to be, it is not clear that job creation worthy of the name arrived. With unemployment at 10%, what this country needs is a good cigar than five percent and an unprecedented growth in employment. Unfortunately, neither seems imminent.

The most likely scenario is a labor market that creeps back into the black in the coming months to a degree that is welcome, given recent history, but well below the pace required to repair damage from the recession began in December 2007. Including the non-farm payroll lighter over 7 million over the past two years, replacing those positions over, say, the next 24 months requires the creation of jobs beyond 300,000 every 30 days. By this standard, a good dose of optimism is required to view the glass as half full. At least, one can argue convincingly that the glass has water in it.

Source: istockAnalyst.com (press release)