Tuesday, April 14, 2015

Small Business Optimism Declines in March

The NFIB Small Business Optimism Index fell to 95.2 in March, down 2.8 points from last month. All ten of the indices reported declines for the month, most notably in expectations for economic improvement, which dropped 6% from last month.

The number of owners reporting an increase in employment fell 5 points. Fifty percent of owners reported hiring or trying to hire. Forty-two percent reported difficulty filling those positions due to lack of qualified applicants.

An increased number of business owners responded that all of their credit needs were not met, up 2 points from last month, but only 3% of businesses reported that financing was their top business problem. Taxes were the single most important problem cited by small business owners, followed by government requirements and red tape.

Read the NFIB report

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