Small business owner optimism fell 1.7 points in June, according to the NFIB Small Business Optimism Index, failing to maintain momentum from gains made in March.
“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,” NFIB President and CEO Juanita Duggan stated.
Small business owner uncertainty levels increased seven points to the highest level since March 2017, according to NFIB.
“As expectations for sales gains and the general business environment faded, uncertainty levels increased,” NFIB Chief Economist William Dunkelberg said in a statement. “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 along.”
The full NFIB report can be found here.