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Small business owners face significant economic pressures as labor quality and inflation issues persist. The latest NFIB data revealed that small business confidence has fallen to its lowest point in 10 years, marking the 16th consecutive month of historically low optimism. While there are some positive signs, such as an ease in credit tightening, the outlook remains less than stellar as small business owners struggle to find qualified workers and as they anticipate another possible rate hike.
Read more about the data results and what it may mean for small businesses in the immediate future here.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
Learn more