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NFIB optimism rises to 97.4 in June, unemployment uncertainty eases

June confidence climbed 2.1 points, while the NFIB Uncertainty Index fell 2 points to 89, leaving it above its historical average.

Reported · Written up by our desk · Central Banks

The NFIB Small Business Optimism Index rose 2.1 points in June to 97.4, edging closer to its 52-year average of 98.0, according to Forexlive, citing NFIB’s monthly survey of U.S. small businesses.

Forexlive said expectations for better business conditions and improved real sales helped drive the gain, while the NFIB Uncertainty Index fell 2 points to 89, still well above its historical average of 68.

The report also showed the NFIB Small Business Employment Index remained essentially flat at 100.2 in June, and 32% of small business owners reported job openings they could not fill, up 3 points from May’s low level.

Forexlive noted the NFIB index is a sentiment measure based on responses from thousands of owners, used by traders as an early read on hiring plans, capital spending intentions, and pricing plans that can inform expectations for Federal Reserve policy.

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