Previously, we investigated why small businesses haven't been creating jobs during the so-called economic recovery following the recession that began in December 2007. We found that their collective debt situation is the likely culprit keeping them from adding jobs to the U.S. economy.
But what about big businesses? What have they been doing since the recession officially ended in June 2009?
Would you believe that they've been the ones doing the hiring? Here's what polling agency Gallup found in their survey of major employers last November:
Gallup finds that larger companies are hiring more workers while the smallest businesses are shedding jobs. More than 4 in 10 employees (42%) at workplaces with at least 1,000 employees reported during the week ending Nov. 14 that their company was hiring, while 22% said their employer was letting people go. At the other extreme, 9% of workers in businesses with fewer than 10 employees said their employer was hiring, and 16% said their employer was letting people go.
That's a significant statement, because following the two previous recessions, small businesses led the way in adding new jobs to the U.S. economy, while big businesses more or less sat on the sidelines.
But today, things are different. In a somewhat confused April 2011 article asking why the biggest U.S. companies aren't hiring, USA Today's Matt Krantz perhaps unknowingly reported that yes, in fact they were:
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