Small businesses – a key driver of employment – are becoming more pessimistic about the economy and are planning fewer new hires, according to a new survey from The National Federation of Independent Businesses (NFIB). It found that small business confidence in March fell for the first time in six months.
MUST-SEE: Trump’s Financial Disclosure Statement
This could be the biggest Obama “scandal” EVER…
It has to do with a secret that he and the Pentagon kept hidden at 9800 Savage Rd., Fort Meade, Maryland, for his ENTIRE presidency.
You won’t want to miss THIS.
The CIA spends billions of dollars to keep scandalous stories under wraps. So we wouldn’t be surprised if they wanted this page taken down immediately.
Click here for the shocking truth.
But in discussing the slip in confidence, the NFIB’s Chief Economist, Bill Dunkelberg, reveals:
“I think the thing that happened was that nothing happened. That is, we didn’t really resolve the uncertainty. Everything is kind of quiet in Europe and yet I don’t think we really believe that that situation is straightened out. Then, of course, we keep seeing our debt piling up.”
That broad lack of confidence has borrowers backing away from new debt, too, according to the Thomson Reuters PayNet Small Business Lending Index. It shows that lending to small businesses has recently slowed – behavior that may indicate further economic distress, says PayNet President, Bill Phelan:
“The small business lending index is a really good leading economic indicator of future GDP. And as small business goes, so goes GDP in the U.S.”