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Small Business Confidence On The Upswing From A Two-Year Low
Increase shows momentum in small business sector and across the economy as a whole
Amid growing optimism surrounding the job market, U.S. small business confidence rebounded from a two-year low in April, which supports the general consensus that the economy is getting stronger and continues to gain momentum.
Fox Business reported that on Tuesday, the National Federation of Independent Business said its small business optimism index increased one point to a 93.6 mark last month.
According to the index, small business owners reported an increase in hiring, but many still struggle to find ideal candidates for open positions. There was also an increase in the number of owners planning to hire new workers, with most of the job creation coming in construction, manufacturing and professional services.
This growing optimism bodes well for the franchise industry as the sector’s numbers also reflect an increase in hiring and growth after 14,100 new franchise jobs were created in April according to the ADP National Franchise Report, marking a year-over-year growth rate of more than four percent.
To read the original Fox Business story, click here.
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
