RSS Feed Link

Small Business Owners Stubbornly Cautious

Mark Marich on January 18, 2011 Source: Policy Dialogue on Entrepreneurship

One index that PDE has tracked over the years is the Small Business Optimism Index put out by the National Federation of Independent Business. For the last few years, there hasn't been much reason for celebration -- and that trend continues with the latest Index showing a further dip of 0.6 points in December.

“Overall, owners remain stubbornly cautious and uncertain about the future course of the economy and their business prospects," said William C. Dunkelberg, chief economist for the National Federation of Independent Business.

The latest report blames the continued malaise -- December was the 36th month of recessionary scores -- on weak sales (55%) holding down hiring and capital spending. Other reasons cited included higher taxes and regulatory costs, higher materials costs, rising labor costs and lower selling prices.

However, not everything pointed to doom and gloom. An increasing number (13%) reported unfilled job openings, suggesting that a lower unemployment rate could be around the corner.

Category:  Growth & Poverty  Red Tape  Tax Code  Workforce  Tags:  nfib

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.