US Small Businesses Cut Jobs in February, Intuit Data Show
Small U.S. businesses significantly reduced employment in February and saw a decline in average revenue, indicating pressure on one vulnerable sector of the economy. The smallest firms shed around 125,000 jobs, with the leisure and hospitality industry experiencing a proportionate drop of nearly 1.3%. This trend may signal economic strain developing among households, particularly those in industries sensitive to consumer discretionary spending.
- The widespread job losses in small businesses could have far-reaching implications for consumer spending habits, which are closely tied to overall economic health.
- Will the ongoing uncertainty surrounding trade policies and tariffs continue to impact the hiring decisions of small business owners, or is there a potential silver lining on the horizon?