US NFIB December small business optimism report 10 Jan

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12-year highs for the index

  • 23% of employers see it as a good time to expand
  • employers with jobs not able to fill falls to 29%
  • net % of firms expecting a better economy rises to 50%
  • firms seeing increased capex rises to 29%
  • net % of firms expecting better sales rises to 31%

The National Federation of Independent Business (NFIB) Small Business Optimism Index is a composite of ten seasonally adjusted components. It provides a indication of the health of small businesses in the U.S., which account of roughly 50% of the nation's private workforce.

A strong report and one to add to general filing as argument for rate hikes but not a game changer in its own right.