WASHINGTON, D.C. — America’s small businesses opened 2006 on a firm footing, according to the latest National Federation of Independent Business (NFIB) Small-Business Economic Trends report. Overall, the survey anticipates a solid quarter of growth with tightening labor markets and little new pressure on prices.
A strengthening labor market, marked by a two-point gain in the net percent of owners who plan to increase employment, and a four-point jump among those reporting job openings, boosted the report’s Optimism Index. “This is great news for small businesses,” NFIB Chief Economist William Dunkelberg said. “It points to solid job creation and continued downward pressure on the unemployment rate.” Overall, the data point to a solid start to 2006, especially for jobs and inventory investment.
Source: NFIB Press Release