Episode Details

Small business optimism is on the rise, with the Optimism Index jumping 2.4 points to 99.8 — higher than the 52-year average. After four straight months of decline, the employment index also climbed in July, signaling renewed confidence in hiring or retaining staff. But the top concern? Finding qualified workers — a struggle that’s now overshadowing inflation as the biggest headache for business owners. This shift reveals labor shortages as the key driver of current economic sentiment among small firms.

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