Small Business Optimism Is Highest Since Reagan Era
On the subject of optimism, here are some positive news from a recent Business Insider article below… click here for the full article.
A measure of US small business optimism hit its highest level since 1983 last month, according to a National Federation of Independent Business survey released Tuesday.
The index gained 3.7 points in November, a big jump from the near-record performance seen in the previous month, NFIB data showed. In addition, eight of 10 components posted gains, including a rare 16-point increase in a reading of expected better business conditions.
“Not since the roaring Reagan economy has small business optimism been as high as it was in November,” NFIB wrote in its release.
Here are some other key takeaways from the report:
- Job creation plans increased six points in November, “providing more evidence of a strong labor market,” said the NFIB
- The number of owners who said it’s a “good time to expand” rose 4 points
- A net 24% of respondents said they plan to create new jobs, up 6 points to a record reading