Its content is produced independently of USA TODAY. 1 business problem," the report said.Ģ4/7 Wall Street is a USA TODAY content partner offering financial news and commentary. "As seen in NFIB’s August Jobs Report, a record 27 percent of owners reported finding qualified workers is their No. Owners expecting better business conditions over the next six months decreased four points to a net negative 54, the lowest level recorded in the 48-year-old survey. The number of owners who expect to raise compensation tailed off as well.įinally, the problems small business owners have is a bit of good news. The NFIB Optimism Index fell 0.1 points in May to 93.1, marking the fifth consecutive month below the 48-year average of 98. Owners expecting better business conditions over the next six months declined 24 points to a net negative 16. Nine of the 10 Index components declined and only one improved. The Optimism Index has increased 4.8 points over the past three months since January but a record 44 of owners reported job openings that could not be filled. 12, 2021) The NFIB Small Business Optimism Index declined 5.5 points in December to 95.9, falling below the average Index value since 1973 of 98. The reasons for this were not entirely clear. The NFIB Small Business Optimism Index rose to 99.8 in April, an increase of 1.6 points from March. The number of owners who believe they can raise prices fell five points to 17%. "In fact, the main impediment to more growth is the record level of no qualified workers."Ĭapital outlays and purchase of equipment stayed strong. Though small business owners have become more concerned about the future, the reasons are not entirely negative: "The Uncertainty Index rose four points in August, suggesting that small business owners are reluctant to make major spending commitments," the report said. Recession concerns?: Robert Shiller, predictor of dot-com crash, sees less than 50% chance of one in 2020įederal Research chairman: Fed is not 'at all' expecting a recession, saying economy continues to 'perform well'
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