REPORT: Chamber of Commerce: ‘High Levels’ of Employer Confidence Under Trump
As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by FreeBeacon:
The third quarter report of the U.S. Chamber of Commerce’s Small Business Index shows “employers are experiencing high levels of confidence about the state of their local economies and their financial future” during President Donald Trump’s tenure.
The Small Business Index is a multiyear collaboration by MetLife and the U.S. Chamber “to elevate the voice of America’s small business owners” highlighting the role of small business in the U.S. economy.
The article goes on to state the following:
Tom Sullivan, vice president of small business policy at the U.S. Chamber, explained the importance of business confidence when it comes to economic growth in a U.S. Chamber and MetLife press release. “Small businesses are the backbone of the American economy,” he said. “It’s important that we provide them with a sense of certainty and work towards finding solutions that enable business growth and create an environment where Main Street businesses can continue to thrive.”
Form the press release (emphasis added):
Small Business Index Reports Record High Optimism
WASHINGTON, Sept. 10, 2019 /PRNewswire/ — Data from the Q3 MetLife & U.S. Chamber of Commerce Small Business Index indicates that employers are experiencing high levels of confidence about the state of their local economies and their financial future. The index overall score increased yet again this quarter to 70.7, up two percentage points from Q2, marking the highest number since its inception.
This indicates that nearly 71% of U.S. small business owners currently have a positive outlook on their companies’ financial future and business environment.
Results from the survey of 1,000 small business owners showed an upward trend in confidence across the board, and more than a five point uptick from Q1 2019. Not only are small business owners confident about the national economy, they are also optimistic about their local economic outlook. More than half of small business owners (56%) report that their local economy is in good health, the largest percentage since Q4 2018.
“Strong local economies have a ripple effect, and create stronger state, regional, and national economies,” said Jessica Moser, senior vice president and head of MetLife’s Group Benefits Small & Specialty Business organization. “Increased small business confidence will allow them to continue to hire and to invest in their businesses, which ultimately helps everyone.”
This quarter’s index casts a spotlight on veteran-owned businesses and the employment of veterans by small businesses. Veteran-owned businesses share the optimism of their peers in the strength of the economy. Almost a third of these businesses (31%) plan to increase investment in the next year, a number 5 percentage points higher than the national average (26%). One in 3 of these businesses reported that securing financing or accessing capital was the largest hurdle in starting their business.
“Small businesses are the backbone of the American economy,” said Tom Sullivan, vice president of small business policy at the U.S. Chamber of Commerce. “It’s important that we provide them with a sense of certainty and work towards finding solutions that enable business growth and create an environment where Main Street businesses can continue to thrive.”
To get more information about this article, please visit FreeBeacon. To weigh in, leave a comment below.
DML News App offered you the above aggregated article preview as part of our ongoing effort to educate and inform people around the world about news, events, and politics. We encourage you to obtain additional information by visiting FreeBeacon
Trending on DML News App
- Gowdy comments on possible Bolton testimony: ‘Why’
- VIDEO: Why Ted Cruz should be leading Senate impeachment trial
- THEY WON’T STOP: Kevin McCarthy Says Democrats Want To DESTROY President Trump
- VIDEO: GOP senator calls CNN reporter a ‘liberal hack’ when asked about Parnas materials
- BREAKING: Senate gives major win to Trump, passes USMCA in sweeping vote, Schumer and Sanders reveal why they voted ‘no’
- BREAKING: Iraqi refugee launches GOP challenge to Ilhan Omar: ‘She needs to be stopped’ [VIDEO]
- REPORT: Artist paints Michelle Obama, Hillary Clinton, AOC, other women as battered in campaign against domestic violence [PHOTOS]
- REPORT: Collins releases statement about calling witnesses for impeachment trial
- REPORT: DOJ investigating leaks on Russian document that influenced how Comey handled Clinton emails
- BREAKING: Veteran Actress, Known for ‘King of Queens’ Role, Dies at 95