Jobs Bill Unlikely to Actually Spur Hiring

Well, duh.

Don’t look for a burst of hiring by small businesses in Wisconsin as a result of the federal jobs bill signed into law on Thursday.

A number of small-business owners in the state say they make hiring decisions based on the business they generate, not whether they can save nine months’ worth of Social Security payroll taxes per newly hired worker, which is the main feature of the law.

But in an economy that seems stumped about which way it is heading - signs of growth one day are replaced by signs of stagnation the next - every bit of aid that business can get helps, they say, and they plan to take advantage of the new law if they can.

New jobs, though, won’t come in large numbers until there is enough work to justify them.