NFIB Small Business Confidence Index In December 2024, the NFIB Small Business Optimism Index soared to 105.1, a six-year high, as small business owners’ confidence surged following the recent election and expectations of pro-business policies. Image: Real Investment Advice
Sentiment – NFIB Small Business Optimism Index In November, the NFIB Small Business Optimism Index increased by 8 points to 101.7, driven by the recent election results, potentially boosting employment, investment, and economic activity. Image: J.P. Morgan
NFIB Small Business Availability Loans vs. U.S. Initial Jobless Claims When interest rates are high, weak credit conditions can greatly affect the economy, potentially resulting in increased unemployment. Image: BofA Global Investment Strategy
Net % Bank Easing Standards for Small Business vs. NFIB Small Business Optimism Tighter lending standards have an impact on small business optimism. Image: BofA Global Investment Strategy
S&P 500 Net Margin and NFIB Small Business Survey: Demand vs. Wage Cost Composite (Leading Indicator) Is there a risk of further decline in S&P 500 margins? Image: Morgan Stanley Research
Inflation – Single Most Important Problem Facing Small Business Owners Inflation is supposed to reduce profit margins. Image: BCA Research
Fed Funds vs. NFIB Small Business Jobs Hard to Fill Historically, higher wage inflation is associated with higher Fed funds. Image: BofA Global Investment Strategy
Inflation – Small Businesses’ Single Most Important Problem Inflation and cost of labor are affecting small businesses. Image: Arbor Research & Trading LLC
Labor Market – NFIB Small Business Jobs Hard to Fill and U.S. Unemployment Rate Are extra unemployment benefits the reason hiring is so hard right now? Image: Capital Economics
U.S. Labor Market – NFIB Small Business Job Openings Hard to Fill U.S. job openings rose to a two-year high, as small businesses report difficulty filling jobs. Image: BofA Global Investment Strategy
U.S. Small Business Sales U.S. small business sales have accelerated sharply, but how long will this last without more stimulus? Image: Morgan Stanley Research