News Flash

Home

Posted on: August 16, 2018

Small business optimism at 35 year high!

By Leia Klingel - Fox Business


Small business owners’ optimism touched a 35-year high in July, with businesses setting records in terms of job creation and hiring, while they cited the availability of qualified workers as their biggest challenge. In another signal of just how good this economy is, the small business owners also noted that they were able to increase prices.


In July 2018, the NFIB’s Small Business Optimism Index marked its second highest level in the survey’s 45-year history, at 107.9 – just shy of the July 1983 record-high of 108.


Records were set for job creation plans. A seasonally-adjusted net 23 percent of businesses are planning to create new jobs, while 37 percent of business owners said they had job openings that they could not fill in July.


“Small business owners are leading this economy and expressing optimism rivaling the highest levels in history,” said NFIB President and CEO Juanita Duggan. “Expansion continues to be a priority for small businesses who show no signs of slowing as they anticipate more sales and better business conditions.”

A net 35 percent of owners expect better business conditions, while they said the availability of qualified workers was their No. 1 problem. Owners also reported that they were increasing the compensation they offered workers.


Fifty-nine percent of firms were hiring or trying to hire, while 52 percent (88 percent of those hiring or trying to hire) reported few or no qualified applicants for the positions they were trying to fill.


Twenty-three percent of owners said their biggest business problem was finding qualified workers.


“Despite challenges in finding qualified workers to fill a record number of job openings, they’re taking advantage of this economy and pursuing growth,” said NFIB chief economist Bill Dunkelberg.


Profits continued to perform, and more firms raised prices in July, a positive signal of demand.

Facebook Twitter Google Plus Email

Other News in Home

Proposed Tax Decrease

Posted on: August 14, 2018

Decatur eyes tax cuts

Posted on: August 9, 2018

Texas Produces Urban Employment Uplift

Posted on: August 22, 2018

Get your Taste of Wise Tickets!

Posted on: August 21, 2018

Decatur EDC Marks 25 Years!

Posted on: August 7, 2018

Reward offered for missing K-9 information

Posted on: November 17, 2017

Small Business Saturday

Posted on: November 20, 2017

Governor's Small Business Handbook

Posted on: February 16, 2018

The Drive to Start a Business

Posted on: February 28, 2018

Dinner with the Wise County Mayors

Posted on: March 1, 2018

Decatur Texas Attractions

Posted on: March 6, 2018

Texas job growth to rebound in 2018

Posted on: March 8, 2018

Texas Wins the 2017 Governor's Cup

Posted on: March 27, 2018

Coming Soon: Wise County Hiring Event

Posted on: March 19, 2018

Wise County Finances In Order

Posted on: April 3, 2018

Wise County Hiring Event

Posted on: April 9, 2018

Drought conditions increase fire risk.

Posted on: December 7, 2017

Santa visits Neighborhoods

Posted on: December 13, 2017

Protecting square from fire

Posted on: January 4, 2018

10 ways to help the flood victims

Posted on: September 4, 2017

Decatur ISD sets tax rate, approves budget

Posted on: September 8, 2017

5 things to know in Texas energy this week

Posted on: September 12, 2017

United Way kicks off fundraising campaign

Posted on: September 14, 2017

PD Recognizes Local Businesses

Posted on: September 18, 2017

Decatur EDC plans land purchase

Posted on: October 2, 2017

Company donates shoes to storm victims

Posted on: October 3, 2017

Ribbon Cutting for Sands Company Today

Posted on: August 29, 2017

Call 811 before digging

Posted on: August 15, 2017

Wise named Purple Heart County

Posted on: July 17, 2017