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NFIB Weekly News

NFIB Weekly News Leading the News

November’s Small Business Optimism Index Continues Strong Two-Year Trend. (12/11/2018)

The Small Business Optimism Index in November registered a 104.8 reading, a modest decline but nonetheless continuing an exceptionally strong two-year trend. Expected Business Conditions and Expected Real Sales accounted for slightly more than half of the decline. NFIB president and CEO Juanita Duggan is quoted saying, “Small business owners are enthusiastic about the economy and have demonstrated their optimism by raising wages, creating new jobs, and investing in their businesses throughout 2018. ... Overall, small business owners have shown a historic trend in optimism for their businesses and the economy and continue to be the driving force behind economic growth.”

Business Climate

Media Analyses: Despite Falling Short Of Forecast, November Jobs Gains Are Still Very Healthy. (12/11/2018)

Under the headline, “US Hiring Slower But Steady As Employers Add 155K Jobs,” the AP (12/7, Rugaber) reported that US employers “added a smaller but still-healthy number of jobs last month, while the unemployment rate remained at a five-decade low and wages rose at a solid clip.” The AP says the Labor Department data “point to an economy that is still adding jobs at a steady rate after nearly 10 years of recovery.” The Wall Street Journal (12/7, Morath, Subscription Publication) provided similar coverage in a piece headlined “Hiring Slows As Wages Grow, Unemployment Holds At Multidecade Low.”

Reuters (12/7, Mutikani) covered the jobs numbers in an article titled, “U.S. Job Growth Slows In November, Monthly Wage Gains Modest.” Reuters said “the moderation in job gains in November also fits in with other data showing a rise in layoffs in recent weeks and a decline in a measure of services sector employment last month.”

Small Business Marketing

Senator Marco Rubio Focuses On Small Business Issues On Capitol Hill. (12/11/2018)

The Sunshine State (FL) News (12/9) reported U.S. Sen. Marco Rubio “scored a win last week as the ‘Spurring Business in Communities Act’ passed the Senate and is now headed to President Donald Trump’s desk.” U.S. Sen. Tammy Baldwin (D-WI) was a key backer in the Senate while U.S. Rep. Cathy McMorris Rodgers (R-WA) sponsored the House version and got her bill through that chamber in May. The sponsors insisted the bill will allow Small Business Investment Companies (SBICs) to launch in under-licensed states like Florida and Washington.

Wages and Benefits

Manchin Pitched Idea Of Reviving ACA Fix To Trump. (12/11/2018)

The Hill (12/5, Sullivan) reported Sen. Joe Manchin (D-WV) said that when he and the President had lunch on Monday, he pitched the idea of “reviving a bipartisan fix to the Affordable Care Act.” Manchin told reporters Wednesday, “I said he’s the one who can make a difference. ... We already have a bipartisan agreement. If he signs onto it, it would be great.” Last year, Sens. Lamar Alexander (R-TN) and Patty Murray (D-WA) “reached a bipartisan agreement aimed at reducing ACA premiums and stabilizing the market, but the deal eventually fell apart.” Manchin “is now looking to revive the deal, noting that Trump’s backing would be key.”

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