DC-area small businesses are hiring

DC-area small businesses are hiring

DC-area small businesses are hiring

President Donald Trump hosts a meeting with business leaders in the Roosevelt Room of the White House in Washington on Monday January 23, 2017.

Small Business Optimism Index continued its post-election surge in October, inching higher to 103.8. "In the nearer term, they are more optimistic about real sales growth and improved business conditions through the end of the year".

Other top economic concerns for Washington area entrepreneurs and small business owners are consumer spending, strength of the USA dollar, interest rates, the stock market and corporate tax rates.

Of the 10 segments the NFIB survey analyses, five of them were down in October compared with the prior month, while four of the categories improved and one remained unchanged, the NFIB said.

A net 35 percent of owners reported hard-to-fill job openings, up five points.

Four out of every five small business owners feel isolated, and almost a third said they lack knowledge and need extra support in business planning, a survey and report by not-for-profit group, Business Mentors, shows.

At a net negative 14 percent, more owners reported lower earnings than higher earnings, though.

"Owners became much more positive about the economic environment last month, which suggests a longer-run view", said Bill Dunkelberg, chief economist of the NFIB.

A net 4 percent of owners reported plans to increase inventories, down three points. "We expect a pickup in auto spending as people in Texas and Florida continue to replace cars that were damaged in the hurricanes. We expect the same increase in home improvement spending, partly because of the hurricanes, but also because of the skyrocketing price of homes".

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