by Bill McBride on 7/14/2015 10:45:00 AM
Tuesday, July 14, 2015
From the National Federation of Independent Business (NFIB): Small Business Takes Significant Hit in June
The Small Business Optimism Index fell 4.2 points to 94.1 ... The 42 year Index average is 98.0, while the pre-recession average is 99.5 (1974-2007). This leaves the current reading 4 points below the overall average ...Click on graph for larger image.
It looks like small businesses “hired in May and then went away”. So, small businesses took a breather from job creation in June after a string of five solid months of job creation. On balance, owners added a net -0.01 workers per firm in recent months, essentially zero.
This graph shows the small business optimism index since 1986.
The index decreased to 94.1 in June from 98.3 in May. This is the lowest level since May 2014.
Posted by Bill McBride on 7/14/2015 10:45:00 AM