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Average Monthly Small Business Optimism Sets All-Time Record In 2017

By MrMagic following x   2018 Jan 9, 9:14am 926 views   7 comments   watch   sfw   quote     share    


Love or hate him, President Trump certainly can make America's small business feel good about their future.

For confirmation look no further than the latest report from the NFIB Small Business Optimism Index, according to which "small business confidence blasted off the day after the 2016 election and remained in the stratosphere for all of 2017," making last year an all-time record setter for the NFIB Index of Small Business Optimism.


Having hit an all time high in November, the December NFIB Small Business Optimism Index fell 2.6 points to 104.9 in December, down from the record 107.5 last month. The drop suggested that the burst of confidence in November was more of a rebound after two months of lower readings in September and October related to uncertainties after three brutal hurricanes in late August and early September.

Discounting the November index, the December reading is in line with the overall strong tone for 2017 as a whole, and reflected solid conditions.

But the real story was not the modest slowdown in December optimism, but the monthly data in 2017: "2017 was the most remarkable year in the 45-year history of the NFIB Optimism Index,” said NFIB President and CEO Juanita Duggan. “With a massive tax cut this year, accompanied by significant regulatory relief, we expect very strong growth, millions more jobs, and higher pay for Americans.”

"We’ve been doing this research for nearly half a century, longer than anyone else, and I’ve never seen anything like 2017,” said NFIB Chief Economist Bill Dunkelberg. “The 2016 election was like a dam breaking. Small business owners were waiting for better policies from Washington, suddenly they got them, and the engine of the economy roared back to life."

“The lesson of 2017 is that better policies make for better economic results,” said Duggan. “The evidence is overwhelming that small business owners pay close attention to Washington, and that federal policies affect their decisions on whether to hire, whether to invest, whether to grow inventory, and whether to seek capital.”

https://www.zerohedge.com/news/2018-01-09/ive-never-seen-anything-2017-average-monthly-optimism-sets-all-time-record-2017
#economics
2   Strategist   ignore (3)   2018 Jan 9, 9:51am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Sniper says
Love or hate him, President Trump certainly can make America's small business feel good about their future.



Stop with all the good news Sniper, I am running out of champagne.
3   MrMagic   ignore (11)   2018 Jan 9, 9:56am   ↑ like (1)   ↓ dislike (1)   quote   flag        

Strategist says
Sniper says
Love or hate him, President Trump certainly can make America's small business feel good about their future.



Stop with all the good news Sniper, I am running out of champagne.


Actually most of the economic activity lately is pretty amazing, considering the push-back he's received from both parties.
4   MrMagic   ignore (11)   2018 Jan 9, 12:30pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

Americans' Optimism About Job Market Hit Record High in 2017.

WASHINGTON, D.C. -- Americans' optimism about finding a quality job averaged 56% in 2017, the highest annual average in 17 years of Gallup polling and a sharp increase from 42% in 2016. Coinciding with rising optimism, the U.S. unemployment rate fell from an average 4.9% in 2016 to 4.4% in 2017, the lowest rate since 2000.

Positivity about jobs among all U.S. adults began to rise on a monthly basis in January 2017, reaching 54% in February 2017. By the end of 2017, it hit 62% in November and again in December. This increase was largely driven by a Republican reversal. The monthly reading for Republicans saying it was a good time to find a quality job rose 20 percentage points to 64% after Donald Trump was inaugurated and ultimately ended 2017 at 78%.

http://news.gallup.com/poll/225071/americans-optimism-job-market-hit-record-high-2017.aspx
5   MrMagic   ignore (11)   2018 Jan 11, 4:14pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

'The engine of the economy roared back to life': US small-business confidence hit a record high in 2017.

The NFIB's chief economist, Bill Dunkelberg, also credited the surge in optimism to Trump.

"The 2016 election was like a dam breaking," Dunkelberg said. "Small-business owners were waiting for better policies from Washington, suddenly they got them, and the engine of the economy roared back to life."

The NFIB late last year came out against the first version of the Republican tax bill, saying it would not be wholly beneficial to small-business owners.

But after changes to the bill that made tax cuts more generous for owners of entities known as pass-through businesses, whose profits the owner books as personal income, the NFIB supported the final version that recently became law.

"With a massive tax cut this year, accompanied by significant regulatory relief, we expect very strong growth, millions more jobs, and higher pay for Americans," Duggan said in a release.

http://www.businessinsider.com/small-business-optimism-tax-reform-record-level-2018-1
6   marcus   ignore (4)   2018 Jan 11, 5:59pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Is it a contrarian sell signal ?
7   WatermelonUniversity   ignore (6)   2018 Jan 11, 10:12pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

another useless, irrelevant matrix brought up by economist wannabes.




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