A rare troubling sign for the economy: The NFIB Small Business Optimism Index fell in October. Just 29 percent of business owners surveyed said the next three months was a good time to expand, one point lower than last month’s reading.
The November decline was the third month in a row that the index had fallen. The seasonally adjusted reading of 104.8 is the lowest for this figure in seven months.
For October, reported job creation was unchanged, as 60 percent of businesses reported hiring or trying to hire, but 53 percent reported few or no qualified applicants for the positions they were trying to fill. Twenty-five percent of employers surveyed cited the difficulty of finding qualified workers as their top business problem.
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