Labor shortages and inflation impact business operations. The National Federation of Independent Business (NFIB) Small Business Optimism Index decreased one point in September to 99.1. Three of the 10 Index components improved, five declined, and two were unchanged. “Small business owners are doing their best to meet the needs of customers, but are unable to […]
Small Business Optimism Pauses in May as Labor Shortage Slows Growth
A record-high 48% of owners have unfilled job openings. The National Federation of Independent Business (NFIB) Small Business Optimism Index fell 0.2 points in May to 99.6. May saw a slight pause in the recovery of small business optimism after steadily increasing each month in 2021. As reported in NFIB’s monthly jobs report, a record-high […]
Small Business Optimism Up in April
NFIB survey shows job openings remain at record highs. The National Federation of Independent Business (NFIB) Small Business Optimism Index rose to 99.8 in April, an increase of 1.6 points from March. The Optimism Index has increased 4.8 points over the past three months since January but a record 44% of owners reported job openings […]
NFIB Warns U.S. House Passage of Paycheck Fairness Act Harms Small Business
The National Federation of Independent Business (NFIB) warned that the U.S. House of Representatives passage of H.R. 7, the Paycheck Fairness Act, would create regulatory and legal issues for small businesses that would need to defend differences in pay across employees. In a statement, NFIB Senior Manager of Federal Government Relations Jeff Brabant said, “The […]
Business Groups Applaud Senate Passage of the PPP Extension
Business groups are applauding the U.S. Senate’s passage yesterday of H.R. 1799, the PPP Extension Act of 2021 that extends the deadline to apply for a Paycheck Protection Program (PPP) loan beyond its March 31 deadline. Kevin Kuhlman, Vice President of Federal Government Relations for the National Federation of Independent Business (NFIB) said, “Small business […]
ASA Joins with Other Business Groups Opposing Legislation to Raise the Federal Minimum Wage to $15
The Automotive Service Association (ASA) signed onto a letter sent by the National Federation of Independent Businesses (NFIB) to the U.S. Congress opposing the Raise the Wage Act of 2021. This legislation, if passed, would raise the federal minimum wage to $15 per hour over the next five years. According to the Congressional Budget Office […]
Small Business Optimism Rebounds in August Exceeding Historical Average
The NFIB research shows seven of ten index components increased in August. Uncertainty Index also increased. The National Federation of Independent Business (NFIB) Optimism Index increased 1.4 points in August to 100.2, a reading slightly above the historical 46-year average. Seven of the 10 Index components improved, two declined, and one was unchanged. The NFIB […]
Small Business Optimism Declined in April
The NFIB index continues its two month slide in wake of pandemic. The National Federation of Independent Business (NFIB) small business optimism index took another dive in April, falling 5.5 points to 90.9, with owners expressing certainty the economy will weaken in the near-term, but expecting it to improve over the next six months. The […]
NFIB Urges SBA to Make Changes in PPP Loan Program to Benefit Small Businesses
The National Federation of Independent Business (NFIB) made several recommendations to the United States Small Business Administration and United States Department of the Treasury to ensure that the Payment Protection Program (PPP) loans work as Congress intended for small businesses. In a letter to the Treasury Department and the Small Business Association this week, NFIB […]
Small Business Owners Remained Optimistic in February
NFIB Optimism Index showed small businesses were thriving but NFIB Research Center continues monitoring coronavirus impact. Small business owners expressed slightly higher levels of optimism in February with the National Federation of Independent Business (NFIB) Optimism Index moving up 0.2 points to 104.5, a reading among the top 10 percent in the 46-year history of […]
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