Small Business Sentiment Sinks as Inflation and Hiring Woes Persist
• Small business sentiment plummeted in Q4 2022, reflecting economic uncertainty, worker shortages, and high inflation • Just 25% of small businesses say the national economy is in "good health," down 8 points • 50% still cite inflation as one of their biggest challenges • 45% of small business owners reported difficulties with hiring and retention in 2023 • Despite challenges, 2/3 of small businesses say their own financial health is good