Economy

Small-Business Optimism Drops as Hiring Woes and Inventory Shortages Sap Sentiment

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Small-Business Optimism Drops as Hiring Woes and Inventory Shortages Sap Sentiment
A Now Hiring near the entrance to a Miami Grill restaurant in Hallandale, Fla., on Sept. 21, 2021. Joe Raedle/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Optimism among small-business owners edged down in October as firms faced inventory shortages and hiring difficulties forcing them to raise compensation at a historically high rate, according to the National Federation of Independent Business (NFIB).

The NFIB’s small-business optimism index fell by 0.9 of a percentage point to 98.2 in October, according to the group’s Nov.9 Small Business Economic Trends report (pdf).
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Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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