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NFIB Survey: 40-Year High Inflation Pushes Job Creators’ Optimism to Lowest in Nearly 50 years

June 14, 2022

With wholesale prices for Main Street up 10.8 percent, expectations for better business conditions over the next six months sank among job creators to the lowest in nearly 50 years, according to the National Federation of Independent Business (NFIB) survey

This follows a report in which not a single CFO surveyed believes a recession is avoidable.

Key Findings:

  • Price Hikes: At least 72 percent of small business owners were forced to raise their prices, with 28 percent of owners reporting that inflation was their top concern. 
  • Sinking Optimism: Job creators’ expectations for better business conditions have plummeted every month since January.  
  • Worker Shortage: More than 50 percent of owners have job openings that could not be filled.

CLICK HERE to read the full survey.

Key Background:

READ: One-Pager: Steps to Fight Biden-flation