Stock

Small Business Optimism Index Increased Slightly in October

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): October 2019 Report: Small Businesses Continue to Push the Economy Forward

The small business half of the economy continued its remarkable economic streak, posting a 0.6 point gain in October’s Optimism Index. The 102.4 reading was buoyed by eight of the 10 Index components advancing, as talk of a recession waned in October. The Uncertainty Index declined 4 points but remains historically high heading into an election year.
..
Twenty-five percent of the owners selected “finding qualified labor” as their top business problem, more than cited taxes or regulations. Reports of higher worker compensation rose 1 point to a net 30 percent of all firms – a historically high reading. Plans to raise compensation rose 4 points to a net 22 percent.
emphasis added

%d bloggers like this: