RSS Feed Link

Pessimism Over Economy Continues

Posted by: Mark Marich on December 11, 2009 Source: Policy Dialogue on Entrepreneurship

Last week, we reported on the results from DISCOVER Small Business Watch survey which indicated small business confidence in the economy is still weak.  The National Federation of Independent Businesses’ (NFIB) latest Small Business Optimism Index shows similar results.

The Index decreased 0.8 points from October to 88.3 in November. The index has been below 90 for six consecutive quarters, while after the 1980-82 recession the index stood below 90 in only one quarter. The report on these results indicated that very weak consumer spending was a major worry for NFIB survey respondents in November.

The job creation index fell by 2 points to -3%, although the index showed substantial improvement since May. In November, small business owners reported a decline in average employment per firm of 0.58 workers during the prior three months. NFIB Chief Economist William Dunkelberg said that "sales are not picking up, so survival requires continuous attention to costs – and labor costs loom large."

For more findings, click here.

Category:  General 

comments powered by Disqus

Search PDE

Policy Dialogue on Entrepreneurship Get Your Weekly Digest

Register today to receive news and updates from Entrepreneurship.org.

Email Newsletter Signup

Past eNewsletters

View All

Email Newsletters

Want to be up-to-date with the latest news and updates from Entrepreneurship.org? To subscribe, just give us your email address below; you'll choose which e-newsletters you'd like to receive on the next screen.