Report shows small business optimism is at 11-year low
LEXINGTON, Ky. (LEX 18) — A recent report shows small business optimism is at an 11-year low, but small businesses in central Kentucky are working to overcome the current economic challenges.
The National Federation of Independent Business (NFIB) collects data from businesses across the country, tracking the ‘Small Business Optimism Index’. In the latest report, the index has reached its lowest level since the end of 2012.
The index takes into account plans to add jobs, expected sales, and current job openings.
As inflation and a difficult hiring climate have burdened small businesses, the index is now lower than it