Tuesday, March 10, 2015

Small Business Optimism Rises in February

The NFIB Small Business Optimism Index rose to 98.0 in February, gaining 0.1 points from last month. Four of the ten indices posted gains, most notably the percent of owners reporting hard-to-fill openings rose to 29%, -reaching a nine year high.

Although the percent of small business owners planning to create jobs dropped 2% from the previous month, 12% still plan to increase employment in the near future and 14% of owners stated that finding qualified labor to fill positions is their top business problem.

Only 3% of businesses reported that financing was their top business problem. Thirty-three percent declared all of their credit needs were met, while an additional 55% stated that they did not want a loan. The report noted that despite the improved optimism and demand for labor, business owners are not more willing to borrow at this time.

Read the NFIB report

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