by Calculated Risk on 6/12/2018 06:00:00 AM
Tuesday, June 12, 2018
From the National Federation of Independent Business (NFIB): May 2018 Report: Small Business Optimism Index
The Small Business Optimism Index increased in May to the second highest level in the NFIB survey's 45-year history. The index rose to 107.8, a three-point gain, with small businesses reporting high numbers in several key areas including compensation, profits, and sales trends.Click on graph for larger image.
As reported in NFIB’s May jobs report, 23 percent of owners cited the difficulty of finding qualified workers as their Single Most Important Business Problem, followed by taxes at 17 percent and regulations at 13 percent. Fifty-eight percent reported hiring or trying to hire, up one point from last month but 83 percent of those reported few or no qualified workers.
This graph shows the small business optimism index since 1986.
The index increased to 107.8 in May.
Note: Usually small business owners complain about taxes and regulations. However, during the recession, "poor sales" was the top problem.
Now the difficulty of finding qualified workers is the top problem.
Posted by Calculated Risk on 6/12/2018 06:00:00 AM