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VIDEO: Small Business Lags Behind in Weak Recovery

Date: July 30, 2014


While GDP growth rebounded slightly in the second quarter, 2014 is still shaping up to be another year of subpar growth and low small business optimism.

"Consumer spending has been weak, spending on plants and equipment has been modest, and government purchases have been restrained," says NFIB economist Bill Dunkelberg.

Dunkelberg says unemployment is still alarmingly high at 6.3% - and that we've largely reached that meager rate because of people leaving the workforce, not by growing jobs.

Small businesses have typically accounted for half of GDP and employment. However, during this recovery, large firms have benefited from government policies, while small firms have suffered from Obamacare, overregulation and higher taxes.



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