Wells Fargo Survey: More Small Businesses Plan To Hire, But Face Challenges Finding Staff

Wells Fargo press release -------- Following the largest increase in a decade, small business optimism held steady in the fourth quarter, according to the latest Wells Fargo/Gallup Small Business Index, conducted October 2–6. In the quarterly survey, which measures the optimism of small business owners, the overall Index score dipped slightly to 103 in October – down from 106 in July when it was the highest Index reading in a decade. A contributing factor to the three-point decrease was how business owners evaluated their current finances. Seventy-one percent rated their financial situation today as very or somewhat good in October, down five percentage points from 76 in July. Despite this slight decline, business owners’ financial situation remains at pre-recession levels. To learn more click on the picture below to read the release.