‘Every time you turn around, there’s a new price increase’: US small-business optimism plummets

At the same time, 29% of small-business owners also report having open positions they can’t fill

Amid rising fuel prices and inflation across the US, confidence among small-business owners has declined in recent weeks as many continue to grapple with higher costs and economic uncertainty.

According to the National Federation of Independent Business, its Small Business Optimism Index fell by 0.6 points to 95.3 in May. At the same time, 29% of small-business owners reported having open positions they could not fill – the lowest level since the Covid-19 pandemic.