Small Business Optimism Index increased in July | Risk Management
The Small Business Optimism Index marked its second highest level in the survey’s 45-year history at 107.9, rising to within 0.1 point of the July 1983 record-high of 108.
Fifty-nine percent reported hiring or trying to hire (down four points), but 52 percent (88 percent of those hiring or trying to hire) reported few or no qualified applicants for the positions they were trying to fill. Twenty-three percent of owners cited the difficulty of finding qualified workers as their single most important business problem (up two points), one point below the 45-year record high.
Click on graph for larger image.
This graph shows the small business optimism index since 1986.
The index increased to 107.9 in July.
Note: Usually small business owners complain about taxes and regulations. However, during the recession, “poor sales” was the top problem.
Now the difficulty of finding qualified workers is the top problem.