NFIB Weekly News

Zions Bank provides a small business resource center with business financial calculators and free tips and advice for businesses.

NFIB Weekly News Leading the News

Small Business Optimism Index Remains Historically High. (07/10/2018)

NFIB’s Small Business Optimism Index for June was the sixth-highest reading in survey history. The index saw a 0.6-point decrease to 107.2. Despite the slight decline, since December 2016, the Index has averaged 105.4, significantly above the 45-year average of 98 and nearing the all-time high of 108.0 in July 1983. NFIB President and CEO Juanita Duggan said, “Small business owners continue to report astounding optimism as they celebrate strong sales, the creation of jobs, and more profits. The first six months of the year have been very good to small business thanks to tax cuts, regulatory reform, and policies that help them grow.” Chief Economist Bill Dunkelberg said, “There was a fractional decline in the Index from May to June, statistically insignificant. Small business owners are already seeing their bottom lines grow due to strong sales and regulatory relief and the new tax law is expected to push profits higher as the year progresses.”

Business Climate

More Workers Leaving Their Jobs For Higher Pay, More Satisfying Work. (07/10/2018)

The Wall Street Journal (7/4, Harrison, Morath, Subscription Publication) reports in a front-page story that workers are leaving their jobs at the fastest rate since the Internet boom and they are landing higher pay and more satisfying work as a result. According to the Labor Department, 3.4 million Americans quit their jobs in April. The Journal says they are emboldened by the strong economy and low unemployment.

Small Business Marketing

Amazon Delivery Service Partners Program Is An Opportunity For Small Businesses. (07/10/2018)

Small Business Trends (7/5, Guta) reports Amazon is looking to outsource package delivery as demand grows, leading to its Delivery Service Partners program. The program “offers an opportunity for small businesses to be part of one of the most successful ecommerce companies in the world by launching their own delivery service. Amazon is looking for hundreds of entrepreneurs to join the venture.” The program “starts with a three-week comprehensive training. From the time you start your application until you get your business up and running could take anywhere from one to six months, Amazon says.” Amazon SVP of Worldwide Operations Dave Clark said in a press release, “Customer demand is higher than ever and we have a need to build more capacity. As we evaluated how to support our growth, we went back to our roots to share the opportunity with small-and-medium-sized businesses.”

Wages and Benefits

Wages Rising For Blue-Collar Jobs. (07/10/2018)

Breitbart (7/3, Munro) reports that the recruitment and wage-tracking company Glassdoor says “wages in a variety of blue-collar jobs” are rising due to labor shortages. A statement from the company said, “With the economy running hot, we’re finally starting to see pay raises for many of America’s lowest-paying jobs.”