As business costs climb and employers debate whether they'll continue to offer the same employee benefits to their workers, a new survey suggests hiring expectations have weakened.
According to the National Federation of Independent Business, its Small Business Optimism Index diminished in September, falling to 92.8.
William Dunkelberg, chief economist for NFIB, indicated that the reduced optimism appears to stem from business owners being hesitant about hiring not knowing who the next president will be.
"Everyone is waiting to see what happens, especially small-business owners who have a lot at stake in the outcome," said Dunkelberg.
He added that who wins the presidential nomination could have an impact on what their marginal tax rate will be. The result could also influence employers' healthcare decisions, as the Patient Protection and Affordable Care Act is set to go into effect in 2014, requiring everyone to purchase coverage either through their employer or through exchanges set up by the states.
