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Office of advocacy releases quarterly bulletin.

Dec 20, 2011

Last week, the U.S. Small Business Administration Office of Advocacy released its Small Business Quarterly Bulletin for the third quarter of 2011. The bulletin includes commentary and analysis on the current employment and financing trends of small businesses, which shows moderate upward growth in the third quarter.

According to Advocacy, from the second quarter to the third quarter, output was up, inflation was down and the unemployment rate was slightly down. The bulletin also includes data from the Federal Reserve Board Senior Loan Office Survey which shows increases in both small-business loan demand and outstanding commercial and industrial loans.

With regards to sales and employment, the bulletin reports manufacturing and trade sales have risen and employers with 20 to 499 employees have represented 50 percent of employment growth between the second quarter of 2010 and the first quarter of 2011 (the most recent firm size data available.) Unfortunately, small businesses with fewer than 20 employees only represented 12 percent of employment growth in the same time frame. Historically, that number is closer to 25 percent.

While the overall tone is a positive one, the bulletin does note that long-term sales could be relatively lower due to an increase in the personal savings rate and an aging population.

Please click here to read the full bulletin.
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Publication:The Weekly Advocate e-Newsletter
Date:Dec 21, 2011
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