Posted 4/9/2024, 10:00:00 AM
Small business optimism sinks to decade low as inflation bites and labor shortages persist
- Small business optimism index dropped to 88.5 in March, the lowest level since December 2012
- 25% of small business owners said inflation was the most important problem due to higher costs
- 37% of small businesses had job openings they couldn't fill
- 38% of small businesses reported raising compensation already
- Higher interest rates have made obtaining capital more difficult for small businesses
