NFIB’s latest small business economic trends report has once again captured the pulse of small business owners across various industries. Unfortunately, the prevailing sentiment remains overwhelmingly pessimistic when it comes to future business conditions and sales prospects. While certain sectors like construction, healthcare, transportation, and select consumer services continue to demonstrate robust spending and labor demand, the overall picture is less promising. The number of firms reporting employment gains has been steadily declining, casting doubt on the government’s claims of significant job growth. Curiously, small business owners on Main Street seem to be missing out on these supposed employment gains. Furthermore, capital spending and inventory investment have taken a hit, contributing to an overall slowdown in economic growth. While this may help control inflation, it comes at the expense of diminished employment opportunities.
https://www.nfib.com/surveys/small-business-economic-trends/
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