“Hiring plans fell to their lowest level since May 2020, but strong consumer spending has kept Main Street alive and supported strong labor demand. “Small business owners are cynical about future economic conditions,” said NFIB Chief Economist Bill Dunkelberg. The net percent of owners who expect real sales to be higher deteriorated six points from February to a net negative 15%. Economy NFIB small business optimism edged higher in may Jun.
The net percent of owners raising average selling prices decreased one point to a net 37% seasonally adjusted. small-business confidence dropped to the lowest level in nearly 9-1/2 years in June amid concerns about inflation, but demand for labor remained solid as.Forty-three percent of owners reported job openings that were hard to fill, down four points from February and remaining historically very high. US Small Business Optimism Remains Subdued The NFIB Small Business Optimism Index in the United States edged lower to a three-month low of 90.1 in March of 2023 from 90.9 in February.Key findings of the national survey include: Those expecting better conditions over the next six months remain at a net negative 47 percent. Twenty-four percent of owners said inflation was their single most important issue, which is down four points from February. “Small business owners are tenacious, but it’s hard for them to stay upbeat when the economic outlook is so uncertain.” small-business confidence improved in September as labor shortages eased slightly but concerns about inflation remained and fewer owners were. So, if your small business takes positive actions, such as researching which marketing initiatives deliver the best ROI, developing a recruitment strategy or. “Inflation and a tight labor market are making it hard for small business owners to plan and provide the goods and services their customers expect,” said Mississippi State Director, Dawn McVea. REUTERS/Andrew Kelly Oct 11 (Reuters) - U.S.
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