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
NFIB Small Business Optimism Index Plummets This chart highlights the abrupt turn in small business optimism under coronavirus. Image: Real Investment Advice
Confidence – S&P 500 and NFIB Headline This chart suggests that confidence is going to crash. Image: Pantheon Macroeconomics
NFIB Hiring Plans vs. S&P 500 Chart showing the correlation between NFIB hiring plans and the S&P 500. Image: Pervalle Global
NFIB Job Openings and Recessions This chart shows that NFIB job openings, while high, could suggest a looming recession. Image: Nordea and Macrobond
NFIB Survey Leads U.S. Employment The U.S. economy is not unaffected by the trade war and global slowdown. This chart suggests that U.S. employment is slowing down. The chart also suggests that the NFIB survey leads U.S. employment by 6 months. Image: Rothschild & Co Asset Management Europe
NFIB – U.S. Small Business Economics Trends U.S. small business economy and hiring plans remain strong. Image: BCA Research
NFIB Expected Credit Conditions NFIB Expected Credit Conditions are improving and suggest that the U.S. expansion still has room to run. Source: Longview Economics
U.S. Nonfarm Employment and NFIB Survey If the trade war continues, it will have serious negative repercussions on the American economy. Image: Deutsche Bank Global Research
NFIB Small Business Optimism Index The Small Business Optimism Index is driving economic growth. It is a good indicator of the health of small businesses in the U.S.. Image: Ned Davis Research
Sentiment – GS Business Optimism Tracker U.S. business optimism has seen a significant and widespread decline in early 2025, as multiple indicators and surveys report sharp drops in sentiment among CEOs, CFOs, and small business owners. Image: Goldman Sachs Global Investment Research