Small Business Optimism Rises in November

Small business optimism rose in November to its highest level since December 2007, but still remains at a recession-level reading, said the National Federation of Independent Business Tuesday.

The NFIB's index rose 1.5 points to 93.2, the fourth consecutive monthly gain. Seven of the index's 10 components increased, while three declined.

Average employment growth per firm was slightly positive for the month of October, meaning small businesses are adding to private sector job growth.

Over the next three months, 9% of small businesses intend to increase their employment -- that's up from 8% in October -- while 12% plan to reduce hiring, down from 13%.

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- Posted: 2010-12-14 10:44:22

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