small business indicators from April

With our Memorial Day hiatus behind us, thought we'd start the mental juices flowing by checking out the state of our small business economy.   As might be expected, there's both good and bad to reflect upon:

  • one of the monthly indices tracking small business economic indicators rose nearly 6% in April, with a majority of business owners reporting they expected the economy to improve over the next 3-6 months.
  • On the other hand, almost one-third of all small businesses continued to reduce their employee head counts during the previous 3 months (compared to just 4% that increased their work force).  Further reductions were being planned by some.
  • Access to capital continues to be difficult.  According to the National Federation of Independent Businesses, small businesses haven't seen such restricted access to new loans since the recession of the 1980's.

How do your experiences track against these indicators?

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