Charts of the Day: Small Business Owners Feeling Good About Their Prospects!

Being that small businesses employ 2/3rds of American workers, we take the National Federation of Independent Business (NFIB) monthly survey seriously.

Here are the three areas we track, updated this morning with July's results (note today's look versus heading into past recessions [red shaded areas]):   click to enlarge

Overall Optimism


Hiring Plans


Capex (expansion) Plans:


Bottom line: Small business owners are feeling very good about their prospects these days!