Confidence in Small Businesses Rises, Indicates Economic Recovery
February 16, 2012 at 5:36 am Leave a comment
For five straight months, reports generated by the National Federation of Independent Business have shown that confidence in small US businesses has continued to grow. It is a trend that many hope to be a signal of economic recovery, and according to the NFIB, the findings indicate that an increasing number of small businesses are starting to feel more confident about the current economic status of the country.
Data shows that employers in the US added about 243,000 new workers to their payroll during the month of January, which directly contributed to the overall decrease in unemployment to 8.3 percent. Findings showed that there has also been a decrease in layoff rates, which are at the lowest levels they’ve been since October 2007.
The NFIB also reported improvement in spending and sales volume. On average, businesses increased their sales prices in January from what they were in December, and the level of price reductions had dropped by one percent. It is anticipated that price hikes will continue given increased spending.
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Entry filed under: Economy, What's Going On. Tags: 50 Marketing Tips, 50 proven ways to expand your business with a newsletter, Debra Jones, Debra Jones Online, Economic Recovery, economic status, increased spending, layoff rates, Loan Officer Training, Marketing Training, National Federation of Independent Business, NFIB, price reductions, Sales Training, Small Businesses, small US businesses, unemployment.
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