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NFIB Weekly News

NFIB Weekly News Leading the News

Small Business Optimism Shows Steady Increase In April (05/14/2019)

The NFIB Small Business Optimism Index (5/13) evinced a steady increase in optimism among small business owners in April, climbing 1.7 points to 103.5. Sales improved, as did business conditions, and credit expectations, while job creation and hiring stayed strong. NFIB President and CEO Juanita Duggan was quoted saying, “America’s small and independent businesses are rebounding from the first quarter ‘shut down, slow down’ and don’t appear to be looking back. April’s Index is further evidence that when certainty and stability increase, so do optimism and action. ... The continued economic boom is thanks, in a major way, to strong growth in the small business half of the economy.”


Business Climate

CBO: Trump’s Proposed Budget Would Hike Deficit Far More Than White House Indicated (05/14/2019)

The AP (5/9, Taylor) reported, “President Donald Trump’s budget plan would produce significantly larger budget deficits than promised when it was released in March, mostly because its estimates of economic growth are too rosy, according to a new nonpartisan analysis Thursday.” CBO’s “estimate said Trump’s budget, if enacted in its entirety, would produce deficits that would be $2.7 trillion greater over the coming decade than promised by the White House budget office.” The AP added that “the difference comes because Trump’s budget predicts economic growth averaging 2.9% over the coming decade while CBO estimates growth averaging 1.8% over that timeframe.”


Small Business Marketing

Article Suggests Ways Salesforce And ERP Integration Can Help Companies (05/14/2019)

Solutions Review (5/9) reported on the top five ways that Salesforce and ERP integration can help companies become better managed and more efficient. According to the article, Salesforce and ERP integration can help: keep inventory in check; allow consistent updates and changes of data; provide better data availability for everyone; lead to a better and quicker cash flow; and help customers have a better experience.


Wages and Benefits

WSJournal Survey: Most Economists Expect Wage Gains To Accelerate Next Year (05/14/2019)

In an article titled “Nearly 70% Of Economists Expect Faster Wage Growth Over Next Year,” the Wall Street Journal (5/9, Torry, Subscription Publication) reported on a new survey it conducted in which a majority of economists predicted that low unemployment would cause wages in the US will grow faster next year than this year.


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