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Market Update: US Small Business Optimism Falls for 1st Time this Year
The NFIB Small Business Optimism Index in the United States stood at 99.6 in May 2021, slightly down from the previous month’s five-month high and well below pre-pandemic levels. It was the first decline in morale this year, as small-business owners were concerned about labor shortages and growing inflationary pressure. A record 48% of small businesses surveyed could not fill open jobs, even with many of them offering higher pay; while higher inflation was making it harder for them to plan ahead. source: National Federation of Independent Business [/s2If]
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