Small Business Optimism Index Increased in July

CR Note: Most of this survey is noise, but there is some information, especially on the labor market and the “Single Most Important Problem”.

From the National Federation of Independent Business (NFIB): July 2019 Report: Small Business Optimism Index

The Optimism Index rose 1.4 points to 104.7, an exceptional reading. Seven of the 10 components advanced, two fell, and one was unchanged.
Job creation slowed in July, falling to an average addition of 0.12 workers per firm on average. Finding qualified workers is becoming increasingly difficult with a 46-year record high of 26 percent reporting finding qualified workers as their number one problem.
emphasis added

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