Helena Lyng Blak
6 weeks ago

US Small Business Optimism Tumbles to Lowest Level in 12 years

Pessimistic outlooks for small businesses continue across America.
Rick Menapace / Shutterstock.com
Rick Menapace / Shutterstock.com

The National Federation of Independent Business (NFIB) Small Business Optimism Index declined by 0.9 point in March to 88.5. That is the lowest level the index has reached since December 2012.

The decrease is the seventh in eight months. It is furthermore the 27th consecutive month below the 50-year average of 98.

“Inflation has once again been reported as the top business problem on Main Street and the labor market has only eased slightly,” said NFIB Chief Economist Bill Dunkelberg. 25% of business owners reported inflation being the single most important problem in operating their business.

The percentage of owners anticipating an increase in real sales dropped by eight points from February, resulting in a seasonally adjusted net negative of 18%.

In March, 37% of business owners reported unfillable job openings, a figure unchanged from February and the lowest since January 2021, with notable difficulties in the transportation, construction, and services sectors. Hiring intentions have cooled, with only 11% planning to create new jobs in the next three months, marking the lowest intent since May 2020.

As optimism falters amid these economic headwinds, the outlook for small businesses in America remains deeply uncertain, reflecting broader concerns about the country's economic resilience.


The information provided by this Site is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

More News

5 hours ago Israeli Airstrike Hits Rafah Tent Camp Israeli airstrike on Rafah camp kills dozens, raising international alarm.
5 hours ago Meta and Call of Duty Maker Sued by Families of School Shooting Victims Families of the 2022 Uvalde school shooting victims file lawsuits against major corporations and officials, claiming they contributed to the tragedy.
7 hours ago Walmart and Capital One Call It Quits on Partnership Walmart and Capital One announce the end of their six-year card partnership amidst legal disputes.
7 hours ago US Market Open - May 27, 2024: Wall Street Wavers but Nasdaq Soars Daily update from the US market open.
10 hours ago Crypto, Currently: May 27, 2024 - Ethereum Leads Weekly Surge, Bitcoin Holds Steady Daily update on Ethereum, Bitcoin, and more!
1 day ago Debunking the headline: US GDP grows by a third ahead of EU in 15 years Europeans need not worry as much as these articles would suggest.
1 day ago Empowering Women Could Boost Economic Growth, Says IMF Economists Discover how gender equality initiatives could transform economies in Japan and Korea.