Uncertainty Brings Down Optimism Index Featured

By Staff Writer July 10, 2019

America’s small business owners’ optimism took a downturn in June, according to the National Federation of Independent Businesses’ Small Business Optimism Index.

The Index slipped 1.7 points to 103.3. While optimism remains at historically high levels, the June figure reverses the gain posted in May, with six components falling, three improving, and one unchanged.

The Uncertainty Index rose substantially, increasing seven points to the highest level since March 2017.

Small business owners added a net addition of 0.21 workers per firm, with 21 percent citing the difficulty of finding qualified workers as their Single Most Important Business Problem. Fifty-eight percent of owners reported hiring or trying to hire employees, down four points from last month, but 50 percent reported few or no qualified applicants for the positions they were trying to fill.

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Last modified on Wednesday, 17 July 2019 15:13

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