Below is a chart and brief excerpt from today's Early Look written by Macro analyst Drago Malesevic.
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Small businesses, which account for 48% of total employment, are marred by a confluence of slowing demand, costly labor and rising credit costs. This week’s NFIB release showed overall small business optimism remains within a decade low, echoed by future sales expectations and credit availability while the hiring plans index continues its crash lower. |
