Weekly News

Washington Examiner: “Boom: Record High Business Optimism, Need for Employees at 45-Year High”

November 13,2018 22:21

“The National Federation of Independent Businesses said the optimism has only been this high three times in the last 43 years and has consistently been high all year long.” Boom: Record high business optimism, need for employees at 45-year high. By ...

Small business optimism slipped a bit in October, as the National Federation of Independent Business' Small Business Optimism index dipped to a reading of 107.4.
"For two years, small business owners have expressed record levels of optimism and are proving to be a driving force in this rapidly growing economy," said NFIB President and CEO Juanita D. Duggan. "The October optimism index further validates that when small businesses get tax relief and are freed from regulatory shackles, they thrive and the whole economy prospers."

In September, the index was at 107.9.
Small businesses have hired “significant numbers of new workers,” according to the survey, while owners believe it “is a good time to expand substantially,” and “are planning to invest in more inventory.” The economy and strong sales were offered as reasons for the time being right to expand.
"Thanks to a number of factors, including the federal government's loosening grip on the private sector, the U.S. regained the top spot in the World Economic Forum's ranking as the most competitive country during the month of October. An unburdened small business sector is truly great for employment and the general economy," said NFIB Chief Economist Bill Dunkelberg. "October's report sets the stage for solid economic and employment growth in the fourth quarter, while inflation and interest rates remain historically tame. Small businesses are moving the economy forward."

Independent and authoritative analysis and perspective for the bond buying industry.
Learn More

No credit card required. Complete access to articles, breaking news and industry data.
Start Free Trial

Have an account? Sign In

Economic indicators

Share this article

Related videos

Watch Now: President Donald Trump's full press conference after Midterm Elections results
Watch Now: President Donald Trump's full press ...
LIVE 2018 Midterm Election Night Results: Winners and Losers
LIVE 2018 Midterm Election Night Results: Winne...