Small Business Data Refute Any Near-Term Recession
The initial GDP reading came out July 30. The economy is solid, albeit moving at a slower pace – a recession does not appear imminent.
The initial GDP reading came out July 30. The economy is solid, albeit moving at a slower pace – a recession does not appear imminent.
In an opinion piece written for Small Business Xchange, Andrea McGee, NFIB Principal of Federal Government Relations, explains how growing credit card swipe fees are impacting small businesses and what Congress can do.
The NFIB Small Business Optimism Index declined by 0.2 of a point in June with inventory satisfaction as the biggest contributor to the slight drop in the index. It remains above the 51-year average of 98.
NFIB’s Small Business Optimism Index edged down 0.2 of a point to 98.6, slightly above the 51-year average of 98.
NFIB’s Small Business and Technology Survey shows how small businesses are incorporating new technologies to keep up with rapidly evolving industries and technology’s influence on competitiveness in the marketplace.
Optimism is up three points in May, with expected business conditions and sales as the greatest contributors in boosting the index above the 51-year average of 98.
The NFIB Small Business Optimism Index increased by three points in May to 98.8, slightly above the 51-year average of 98.
NFIB’s May jobs report found that 34% (seasonally adjusted) of small business owners reported job openings they could not fill in May, unchanged from April.
NFIB’s April jobs report found that labor quality remains a challenge for small businesses, while small business owners who are trying to hire increased three points from March.
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