Inflation reported as biggest problem, highest since 1981. The National Federation of Independent Business (NFIB) Small Business Optimism Index decreased slightly in January to 97.1, down 1.8 points from December. Inflation remains a problem for small businesses as 22% of owners reported that inflation was their single most important business problem, unchanged from December when […]
Small Business Owners Reporting Inflation as Biggest Problem Highest Since 1981
Percentage of those citing inflation has jumped 20 points since the beginning of 2021. The NFIB Small Business Optimism Index increased slightly in December to 98.9, up 0.5 points from November. Twenty-two percent of small business owners reported that inflation was their single most important problem encountered in operating their business. Price raising activities have […]
Small Business Optimism Up Slightly in November
A net 59% of small business owners increased prices, the highest level since 1979. The NFIB Small Business Optimism Index increased slightly in November by 0.2 points to 98.4. Four of the 10 Index components improved, four declined, and two were unchanged. The NFIB Uncertainty Index decreased four points to 63. “As the end of […]
NFIB Joins With 10 Business Groups to Challenge OSHA’s Private Business Vaccine Mandate
NFIB files petition for review at the U.S. Fifth Circuit Court of Appeals. The National Federation of Independent Business (NFIB) filed a legal challenge November 9 against the Biden Administration’s emergency temporary standard, which would mandate businesses with 100 or more employees require workers take the COVID-19 vaccine or undergo weekly testing and wear masks […]
Small Business Optimism Slips in September
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 […]
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