Three of the inputs to our PWA Macro Index have to do with sentiment among small business owners; the folks who employ 2/3rds of America's working population.
This morning's release of May's National Federation of Independent Businesses (NFIB) sentiment survey results says good things about the state of the U.S. economy.
The Optimism Index itself reached a height it hasn't seen in over 30 years: Click each chart to enlarge (past recessions in red)
Business owners say they plan to expand their operations going forward:
And hire more folks in the process (if they can find them):