Operations

Small Business Owners Raising Prices Under Inflationary Pressures

Posted on December 21, 2005 by LCT Staff - Also by this author - About the author

WASHINGTON, D.C. – Firms raising average selling prices in November soared four points to 26%, the second-highest reading of the National Federation of Independent Business (NFIB) Small Business Economic Trends report since the monthly survey began nearly two decades ago. Small businesses appear to be responding to inflationary pressures in the economy, including the cost of fuel. Spirits among business owners cooled a bit from the exuberant October level, lowering the survey's Optimism Index to 101.2 from an October level that was one of the highest quarterly measures ever taken. NFIB Chief Economist William Dunkelberg said these might not be bad signs after all if they are indications that the economy is slowing from an unsustainable third-quarter pace, a trend that, if it continued, could cause concern at the Federal Reserve.

Although job-creation plans among small business owners were lower, the decline came after three months of near-record readings that more than offset hurricane-associated losses. Fifteen percent of owners said they increased employment in November, while 11% reported workforce reductions. Overall, small businesses added a net 0.15 employees per firm, seasonally adjusted. Workers are getting harder to find: 12% of those surveyed said the availability of qualified workers was their primary business problem.

Source: National Federation of Independent Business

View comments or post a comment on this story. (0 Comments)

More News

Windy City Limousine & Bus Wins "Best Of" Award

The company's diverse fleet and years of experience have earned it many achievements.

Fugitaboutit! Operators Deal With NYC Traffic Woes

Weather and mass transit delays always create additional problems, but 50,000 TNC vehicles ratchet up congestion.

Arkansas Operation Recognized As Small Business of the Year

Pinnacle Car Services, Inc. recieved the accolade from the Greater Bentonville Bella Vista Chamber of Commerce.

How To Make Your Buses Comply With The Latest Rules

eNews Exclusive: Joe Guinn guides operators on the best ways to prepare for the large leap from sedans and SUVs to buses and motorcoaches.

What Is The Future Of The New Luxury Traveler?

There is a growing demand for more human connectedness and meaningful experiences for both adults and children.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - May 2017 $12.95 Post International LCT Show Issue COVER STORY: * Best Operators of 2017: Their Winning Secrets Revealed * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close