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Manufacturing & The Economy

Small Business Hiring Up

Job creation at small companies has almost doubled in the last six months, reaching 82,000 jobs at firms with 49 or fewer employees in July, according to payroll processor ADP. Borrowing by small businesses and sales of new franchises have also climbed, indicating business owners are willing to take on new expenses and risk.

Surveys by the National Federation of Independent Business say business-owner confidence has risen this year but remains below pre-recession levels.

Source: USA Today

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