Regional Releases – SBET data are published quarterly by geographic region.
For the present, one release will address all major industries.
#Nfib small business optimism index professional#
Major industries include: agriculture, construction, manufacturing, wholesale, retail, financial services, professional services, and non -professional services. Releases are e-mailed to the press on the third Monday of the month, but embargoed until 7:30 am the following day. The industry data are released the third Tuesday of March, June, September, and December, and referenced as the winter quarter, spring quarter, summer quarter, and fall quarter respectively. Industry Releases – SBET publishes data quarterly by major industry. The release date coincides with the Bureau of Labor Statistics (BLS) release of monthly government employment numbers. If you wish to be on the press list to receive all SBET and SBET related releases, please contact NFIB at 80 or by email at Other Release DatesĮmployment Releases – Employment data from the SBET are released on the Wednesday or Thursday prior to the first Friday of every month. Releases are e-mailed to the press on the second Monday of the month, but embargoed until 7:30 am the following day. This will help put a damper on inflation, but at the cost of lower employment.SBET results are publicly released at 7:30 am Eastern Time on the second Tuesday of every month. Capital spending and inventory investment are down.
Apparently not on Main Street according to small business owners. The government keeps reporting large employment gains but it is not clear where they find them. But overall, the number of firms reporting employment gains has been falling gradually. But in some industries, such as construction, health care, transportation, and some consumer services, spending and therefore labor demand remains strong. “Small business owners remain very pessimistic about future business conditions and their sales prospects. Owners are still raising selling prices at an inflationary level to try to pass on higher inventory, labor, and energy costs.” “Inflation and labor shortages continue to be great challenges for small businesses. “Halfway through the year, small business owners remain very pessimistic about future business conditions and their sales prospects,” said NFIB Chief Economist Bill Dunkelberg. Here’s are some excerpts from the latest report: More than half of small business owners are seeking to hire new employees, and of those, 92% reported few or no qualified applicants for the positions they were trying to fill.
Employment, inflation, and lingering supply chain issues continue to plague small businesses. While an improvement from last month, the outlook of small business owners remains very pessimistic. The latest NFIB Small Business Optimism Index for June increased 1.6 points to 91.0, its 18 th consecutive month below the survey’s 49-year average of 98.0. economy – at least 2 of every 3 new jobs – are in small businesses. This release is an important one to follow each month as small businesses are quicker to react to a changing economic climate and a large part of the U.S.
#Nfib small business optimism index series#
The series goes back to 1973 (quarterly surveys, monthly starting in 1986) and is released on the second Tuesday of each month. The National Federation of Independent Businesses (NFIB) collects small business trend data by surveying their membership base on a monthly basis.
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