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Small Business Optimism Sees Modest Downturn In June (07/09/2019)

The NFIB Small Business Optimism Index (7/8) for June saw a modest downturn in small business optimism, reversing May’s gain. Small business optimism remains historically high, but the Uncertainty Index saw a substantial rise. NFIB President and CEO Juanita D. Duggan was quoted saying, “Last month, small business owners curbed spending, sales expectations and profits both fell, and the outlook for expansion dampened. When you add difficulty finding qualified workers and harmful state level laws and regulations, you’re left with a volatile mix where uncertainty has increased to levels not seen in more than two years.” Chief Economist William Dunkelberg was quoted saying, “As expectations for sales gains and the general business environment faded, uncertainty levels increased. ... Still, job openings and plans to create jobs remain historically very strong, and while it’s not as ‘hot’ as May, Main Street is still running strong.”

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