NATIONAL SMALL BUSINESS NEWS
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Small Business Trends: Survey Says Business Confidence Is Rising
The National Federation of Independent Business released a survey on Tuesday showing a 0.8 point increase in small business confidence in September. The change brings the Business Optimism Index up to 88.9. The NFIB wonders if this increase is a "start of a trend, or a blip." Rightly so -- the increase may have ended a six-month decline, but it hardly indicates positive sentiment. The increase was largely because fewer small business owners expect inflation-adjusted sales to contract. Among the survey's findings, 28% of small-business owners reported poor sales as their top ranked business problem. However the NFIB reports poor sales has been the top concern for the past three years. READ MORE
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| CALIFORNIA SMALL BUSINESS NEWS |
Report: California small business hiring up
Nationwide, small businesses created 55,000 jobs in September, a year-over-year increase of 3.3 percent, according to Intuit Payroll's Small Business Employment Index. Small business hiring in California rose 0.5 percent.
California tied with Florida and Maryland for No. 2 in the nation. Washington was No. 1 with a 1.1 percent increase in hiring.
"September's small business employment figures are a big relief," said Susan Woodward, an economist who worked on the Intuit index, in a news release. "After all the uproar over the threatened European financial meltdown, good news is very welcome. Unlike in August, there is no softness in September's numbers: employment is up, hours worked are up and compensation is up." READ MORE
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