Small Business Optimism Jumps for First Time in 2024
2 hr 20 min ago
Small business optimism grew for the first time this year but inflation continues to be a top concern for business owners, data from the National Federation of Independent Business (NFIB) showed.
The NFIB Small Business Optimism Index jumped by more than a point to hit 89.7 in April, though it remained below the 50-year average for the survey. Inflation continues to be the biggest issue for business owners, though the 22% who cited inflation as their most important problem was three percentage points lower than last month.
“Cost pressures remain the top issue for small business owners, including historically high levels of owners raising compensation to keep and attract employees,” said NFIB Chief Economist Bill Dunkelberg.
Fewer business owners said they raised prices in April, while the 26% who plan…
