Tuesday, November 10, 2020

Small Business Optimism Unchanged in October

by Calculated Risk on 11/10/2020 08:31:00 AM

Most of this survey is noise, but sometimes there is some information, especially on the labor market.

From the National Federation of Independent Business (NFIB): May 2020 Report

The NFIB Optimism Index remained at 104.0 in October, unchanged from September and a historically high reading.
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As reported in NFIB’s monthly jobs report, small business owners are looking to hire, reporting a historically high level of job openings in October. Overall, 55% of owners reported hiring or trying to hire in October, down 1 point from September. Thirty-three percent (seasonally adjusted) of all owners reported job openings they could not fill in the current period, down 3 points from September’s report.
emphasis added
Small Business Optimism IndexClick on graph for larger image.

This graph shows the small business optimism index since 1986.

The index was unchanged in October.