Small Business Economic Sentiment Sees a Lift

Small Business Economic Sentiment Sees a LiftOn Tuesday morning, released what it calls the “Thumbtack Small Business Sentiment Survey.”

The survey captures the economic sentiment of more than 10,000 small businesses nationwide on a monthly basis.

The U.S. Economic Census shows that over 90% of small businesses in the United States have five employees or fewer.

So what does the data show? According to the report summary, it shows “a slow and steady recovery among America’s smallest businesses.”

Key data points indicate that:

  • Overall sentiment has risen 5 points (out of a scale of 100) over the last year.
  • Employers are generally feeling better about the economy than business owners who operate alone – there was a consistent 4 point spread between the two groups.
  • Small business owners are overwhelmingly optimistic about the future, consistently ranking their expectations of their future financial situation 15 to 20 points higher than their financial situation today.

Want to know more? Check out the full survey results here.