Hiring also made gains, as the average employment change per firm was reported to be 0.17 employee over the past three months.
Small business owners were more optimistic in February, according to newly released data. Firms reported good news on the hiring front, and more planned to raise their selling prices.
The National Federation of Independent Business’s small-business optimism index last month increased 0.4 point from January, to 94.5.
“For the first time in 3 years, owners reported solid job creation, and plans to create more new jobs improved again (although historically still weak),” the report said.
Higher optimism about future business conditions and sales is prompting small firms to try and pass through price increases.
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Source: Kathleen Madigan | The Wall Street Journal