2 Nov

Small Business

Small business optimism;

Continuing Coverage Of Small Business Optimism Index

Stephen Moore writes in The Hill (10/15) that NFIB “issued its monthly survey of its members’ hiring and expansion plans. It could hardly have been more bullish. Small-business confidence — a key vital sign of economic health — has come all the way back to where it was at the start of the year before the pandemic.”

In contrast, Business Journals (10/15) reported, “As Congress continues to remain deadlocked over a new round of stimulus, studies show the picture for many small businesses is…bleak. A National Federation of Independent Business survey showed 22% of PPP borrowers anticipate layoffs in the next six months, nearly half anticipate needing additional financial support in that time, and 44% of owners would apply for a PPP loan for the first or second time if Congress extended the program.”

David I. Templeton mentions NFIB’s Small Business Optimism Index in Seeking Alpha (10/14), saying that small business owners’ plans to increase employment and difficulty in filling open positions “are a couple of signs the job market is healing.”

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