Tuesday, May 08, 2012
Small business owners' optimism rose in April, but they are still wary about the economy.
The National Federation of Independent Business says its index of small business optimism rose 2 points last month to 94.5. That makes up for the 2 points lost in March, but only returns the index to its February 2011 level. William Dunkelberg, the NFIB's chief economist, still classifies the reading as weak.
Dunkelberg says owners' plans to hire rose during April. But he notes that news about the economy and Europe's debt crisis is still bad. He predicts only small improvements in hiring, optimism and spending for the rest of the year.
Read more at KGW.