Figures out yesterday show that the NFIB Small Business Optimism Index was at 107.2 in June, a tick below below May’s record high but still the sixth highest reading in the index’s 45-year history. The record high for this index is 108.0, reached in 1983.
Reported job creation rose five points, as 63 percent of businesses reported hiring or trying to hire. However, 55 percent reported few or no qualified applicants for the positions they were trying to fill. Twenty-one percent of employers surveyed cited the difficulty of finding qualified workers as their top business problem.
Credit concerns remained historically low, as just 3 percent of owners reported that all their borrowing needs were not met. Only 2 percent of business owners surveyed reported that financing was their top business problem, while 16 percent of survey participants listed taxes as their top business problem.