• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»‘Discouraging’: Small Business Owners Sour On Economy As Inflation Picks Back Up
Business

‘Discouraging’: Small Business Owners Sour On Economy As Inflation Picks Back Up

September 12, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
U.S. Economy Adds More Jobs Than Expected In May
Share
Facebook Twitter LinkedIn Pinterest Email

Small businesses in August were increasingly pessimistic about the economy as companies struggle with a tight job market and rising inflation, according to a survey from the National Federation of Independent Business (NFIB) released Tuesday.

Small business owners in total expressed a 37% net negative view of the economy, which is 7% lower than in July but higher than the 61% net negative view seen in June, according to a release from the NFIB. The single biggest concern for businesses was inflation, which was listed as the top concern for 23% of respondents, up 2% from the previous month, with 27% of business owners raising prices to counter inflation, a figure up 2% from July. (RELATED: Investors Predict Huge Trouble Ahead For American Consumers)

“With small business owners’ views about future sales growth and business conditions discouraging, owners want to hire and make money now from strong consumer spending,” Bill Dunkelberg, NFIB chief economist, said in the release. “Inflation and the worker shortage continue to be the biggest obstacles for Main Street.”

The Small Business Optimism Index fell 0.6 of a point in August to 91.3 points, below the 49-year average of 98 points, marking the 20th consecutive month below the average, according to the NFIB. Of small business owners, 40% reported that they had trouble filling openings on new jobs, which is down 2% from July but still remains high compared to historical trends.

Small business optimism fell again in Aug; 20th consecutive month below long-run average; expectations deteriorated further, at recession levels; businesses reporting higher nominal sales hit lowest level in 3 years; hiring plans below pre-pandemic levels; nothing good here: pic.twitter.com/ityqIOom6D

— E.J. Antoni, Ph.D. (@RealEJAntoni) September 12, 2023

Inflation rose in July to 3.2% from 3.0% in June, after steadily coming down from 9.1% in June 2021. The Federal Reserve, in an attempt to calm inflation, has raised the federal funds rate to a range of 5.25% and 5.50% through a series of 11 rate hikes that started in March 2022.

See also  Apple, Jon Stewart Part Ways Thanks To Coverage Of China: REPORT

The jobs market showed softening in August, with the month only adding 187,000 nonfarm payroll jobs and the unemployment rate jumping to 3.8% as more people enter the workforce. The announcement included numerous revisions from earlier jobs reports, indicating the market is not as strong as previously indicated, with June being revised down by 80,000 jobs and July being revised down by 30,000 jobs.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Business Discouraging Economy inflation owners Picks Small sour
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Kurt Angle discloses what he did the day after his back surgery

April 23, 2023

Elon Musk Accuses Microsoft of Violating Twitter’s Data Usage Agreement

May 22, 2023

Dana Carvey’s Son, Dex, Dead at 32

November 17, 2023

Bill Ackman Demands Presidents of Harvard, MIT, and Upenn ‘Resign in Disgrace’ for Antisemitism Failures

December 7, 2023
Don't Miss

Short and Funny Sayings for a Happy Summer with Friends

Lifestyle May 9, 2025

I love the beach. Just looking at the calming sea to relax. Having fun in…

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,627)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Bills’ Damar Hamlin Now ‘Fully Cleared’ to Play Football

April 22, 2023

Palo Alto, 3M, Target and more

June 5, 2023

Real name and all about the TikToker in wake of car accident 

August 14, 2023
Popular Posts

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.