Small Business Confidence Takes A Scary Dive

April 10, 2012 by Jon C. Ogg

The National Federation of Independent Business is out with a report this morning that should be causing some concerns for the broader economy when you consider that it is supposed to be small businesses which add the most jobs during a recovery period.  The group’s small business sentiment indicator fell for the month of March after having risen for six consecutive months.

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

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.