Skip to content
Ethereum Business

Ethereum Business

Disney Business

Primary Menu
  • Ethereum Business
  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap
  • Home
  • U.S. Small Business Sentiment Drops Near 9-1/2-Year Low in June NFIB
  • business & finance

U.S. Small Business Sentiment Drops Near 9-1/2-Year Low in June NFIB

By Magenet Magenet 1 month ago

[ad_1]

WASHINGTON (Reuters) – U.S. small-business confidence dropped to the lowest level in nearly 9-1/2 years in June amid concerns about inflation, but demand for labor remained solid as businesses continued to grow their operations, a survey showed on Tuesday.

The National Federation of Independent Business (NFIB) said its Small Business Optimism Index fell 3.6 points last month to 89.5, the lowest level since January 2013. Thirty-four percent of owners said that inflation was their biggest single problem in running their business, an increase of six points from May and the highest level since the fourth quarter of 1980.

Consumer prices are surging, driven by snarled global supply chains and massive fiscal stimuli from governments early in the COVID-19 pandemic, with the annual U.S. CPI increasing at a rate last seen in the early 1980s. The situation has been worsened by Russia’s dragging war against Ukraine, which has caused a spike in food and fuel prices across the world.

Soaring inflation has forced the Federal Reserve to adopt an aggressive monetary policy, putting the economy on a recession watch. The U.S. central bank has raised its policy rate by 150 basis points since March. It is expected to hike its overnight interest rate by another 75 basis points this month.

The higher borrowing costs and worries about a recession have not slowed demand for labor.

The NFIB survey showed 50% of owners reported job openings they could not fill in June, down a point from May’s reading, which tied the previous record high. The vacancies were for both skilled and unskilled labor, with worker shortages most severe in the construction, manufacturing and services industries.

“The persistence of record high levels of unfilled openings indicates that owners are still seeing opportunities to grow their business, in spite of their negative outlook for the future,” said NFIB chief economist William Dunkelberg.

Solid demand for labor, which was underscored by stronger-than-expected job growth in June, raises hope that any economic downturn will be short and mild.

Despite concerns about an inventory bloat, small businesses are not done restocking, with the survey finding that “a significant amount of what they want sits frustratingly just off the coasts or in containers waiting for transport.”

(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)

Copyright 2022 Thomson Reuters.

[ad_2]

Source link

Tags: "Women'S Business Casual, Amazon Fba Business, Atlanta Business Chronicle'S, Boss Baby Back In Business, Business Administration Degree, Business Attire Women, Business Card Design, Business Cards Templates, Business Casual Dress, Business Casual Outfits, Business Checking Account, Business Credit Card, Business For Sale Near Me, Business Intelligence Platform, Business Lawyer Near Me, Business Loan Calculator, Business Name Ideas, Business Professional Women, Business Spectrum Login, California Business Entity Search, Capital One Spark Business, Carl Weber'S The Family Business, Charlotte Business Journal, Custom Business Cards, Delaware Business Search, Fl Sos Business Search, Florida Business Search, Harvard Business Publishing, Insurance For Small Business, Kelley School Of Business, Maryland Business Express, Maryland Business Search", Moo Business Cards, National Business Furniture, New York Business Search, Ohio Business Gateway, Onedrive For Business, Online Business Ideas, Paramore Misery Business, Risky Business Cast, Small Business Insurance, Spectrum Business Customer Service, Tom Cruise Risky Business, Us Small Business Administration, Verizon Wireless Business, Verizon Wireless Business Login, Virtual Business Address, What Is Business Administration, Yelp Business Login, Yelp For Business

Continue Reading

Previous IT cost surge drives business automation | Information Age
Next G20 finance meetings in Bali overshadowed by war in Ukraine

Recent Posts

  • Best Online Buying Store Kenya
  • Why A Sustainable Supply Chain Is Vital To Business Success
  • How Does SEO Work?
  • D.C. Attorney General Takes Action To Freeze Casa Ruby’s Accounts
  • Instagram Subscriptions Will Let Creators Monetize Exclusive Content

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • December 2021
  • October 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • January 2017

Categories

  • business
  • business
  • business & finance
  • Ethereum Business
  • finance
  • General

BUSINESS

Example

visit now

Another example
Intellifluence Trusted Blogger

backlinks

textlinks

buildinglink.buybacklinks.online/agence-seo 

bestwindshieldwipers2019.xyz © All rights reserved. | Magazine 7 by AF themes.