Best Time for Small Business
With the rapid growth of economy and significant tax cut recently, U.S. Small-Business Optimism Index reached its highest level since 1983, according to National Federation of Independent Business.
All the index components except Plans to Increase Employment increased or maintained the same as February, while Expect Real Sales has the highest increase rate at 3%. This historically high index shows that new policies, including tax cut and fewer regulation, have started their impacts on small business.
However, companies report that their biggest challenge is to find skilled labor. 34% of job openings, majorly in construction and manufacturing industries, are unable to fill. As a result, the number of temporary workers peaked since November 2016.