Source: Jon Ogg
The new report on the small-business optimism index fell down to 92.5 in March from 94.3 in February. It also shows a growing concern and a tempering of optimism over employment, earnings, and even over inventory levels.
The report from the economist of NFIB now even calls the employment growth a blip rather than a trend in job growth. Sadly, this also called the start of a recovery in profits as having fizzled out.
Before thinking it was a one-off, consider that nine of the ten components here took a dive.
JON C. OGG
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