Small Businesses: Difference between revisions

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 ==== NFIB ====
-Overall, small business owners are clearly in a recession mood, expressing great concern for future business conditions. But until customers stop coming in, owners (especially in services) will continue to try to hire workers, increasing compensation to attract applicants and retain their current workforce. If inflation shows signs of cooling and the Fed relents (pause, but no rate cuts until inflation really declines), that will increase real wages now being paid and improve optimism for the future.<ref>https://strgnfibcom.blob.core.windows.net/nfibcom/SBET-May-2023.pdf</ref>
+"Small business owners remain very pessimistic about future business conditions and their sales prospects. But in some industries, such as construction, health care, transportation and some consumer services, spending and therefore labor demand remains strong. But overall, the number of firms reporting employment gains has been falling gradually. Capital spending and inventory investment are down. Overall, economic growth is falling. This will help put a damper on inflation, but at the cost of lower employment."<ref name=":0" />
 ==== U.S. Chamber of Commerce ====
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 Small Business Optimism Index increased 1.6 points in June to 91.0, however, it is the 18th consecutive month below the 49-year average of 98.
-"Small business owners remain very pessimistic about future business conditions and their sales prospects. But in some industries, such as construction, health care, transportation and some consumer services, spending and therefore labor demand remains strong. But overall, the number of firms reporting employment gains has been falling gradually. Capital spending and inventory investment are down. Overall, economic growth is falling. This will help put a damper on inflation, but at the cost of lower employment."<ref>https://strgnfibcom.blob.core.windows.net/nfibcom/SBET-June-2023.pdf</ref>
+"Small business owners remain very pessimistic about future business conditions and their sales prospects. But in some industries, such as construction, health care, transportation and some consumer services, spending and therefore labor demand remains strong. But overall, the number of firms reporting employment gains has been falling gradually. Capital spending and inventory investment are down. Overall, economic growth is falling. This will help put a damper on inflation, but at the cost of lower employment."<ref name=":0">https://strgnfibcom.blob.core.windows.net/nfibcom/SBET-June-2023.pdf</ref>
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