Calculators and Tools

NFIB Weekly News

NFIB Weekly News Leading the News

Small Business Optimism Drops Slightly In August Due To “Manic Predictions Of Recession” (09/10/2019)

The NFIB Small Business Optimism Index (9/9) fell 1.6 points to 103.1 in August, due to fewer small business owners expecting better business conditions and real sales volumes in the months to come. The index remains within the top 15 percent of historical results, and the month saw favorable business conditions, in particular in job creation, earnings trend, and quarter-on-quarter sales. NFIB President and CEO Juanita Duggan was quoted saying, “In spite of the success we continue to see on Main Street, the manic predictions of recession are having a psychological effect and creating uncertainty for small business owners throughout the country. ... Small business owners continue to invest, grow, an hire at historically high levels, and we see no indication of a coming recession.”

Business Climate

Media Analyses: Job Growth Steady In The US, Though Trade Talks May Have Negative Effects (09/10/2019)

The AP (9/6, Rugaber) reported the Labor Department on Friday announced US employers “added a modest 130,000 jobs in August, a sign that hiring has slowed but remains durable in the face of global economic weakness and President Donald Trump’s trade war with China.” The AP added that the DOL also revealed that “the unemployment rate remained 3.7% for a third straight month...near the lowest level in five decades. And more Americans entered the workforce in August, a positive development that increased the proportion of adults who are either working or seeking work to its highest level since February.”

Small Business Marketing

Stripe To Begin Making Small Business Loans (09/10/2019)

Bloomberg (9/5) reported that Stripe, “one of the most valuable financial-technology startups,” announced the launch of Stripe Capital on Thursday as the company moves into the lending space. Stripe Capital “will make loans to businesses that are already Stripe customers, as well as merchants selling on services like Shopify that use Stripe to process payments.”

Wages and Benefits

SNAP Enrollment Down 6.2M Since Trump Took Office (09/10/2019)

Breitbart (9/8, Rodriguez) reported, “More than 6.2 million individuals dropped off food stamps since President Donald Trump completed his first full month in office,” according to USDA data. Individual and household Supplemental Nutrition Assistance Program participation “has consistently declined since 2013.”