The latest issue of the NFIB Small Business Economic Trends is out today. The heavily watched Small Business Optimism Index declined slightly from 93.2 to 92.6. Here’s the opening paragraph of the report: The Index of Small Business Optimism lost 0.6 points in December, dropping to 92.6, not a huge change but not the hope-for …
The NFIB reports small business optimism is rising, but nobody is cheering. Data shows much small business activity at levels seen at bottom of previous recessions.
The headline says small business sentiment improved. Reading deeper finds that in many of the most important areas sentiment actually declined.
The markets wait for the unpredictable BLS to publish its data. Their methodology produces a lot of monthly volatility. Their adjustment factors create too many jobs. The August 2010 BLS jobs report did not disappoint this opinion.