Tis the Season for Some Real Optimism


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I came across this blurb in recent newsletter from the PMPA (Precision Machined Products Association) to its membership. This report is a good one, and it seemed appropriate to share it with you, especially as we close the books on 2010 and get set for 2011.

Fox Small Business News reports that confidence among small business owners touched it highest level in almost 3 years in November, reflecting improvements in the labor market and a pick-up in capital spending, according to a recent survey. 
The NFIB (National Federation of Independent Businesses) optimism index rose 1.5 points to 93.2, the highest reading since December 2007 when the recession started.
Seven of the index’s ten components posted gains, with job creation and spending plans accounting for half of the rise. The survey also found that more businesses raised compensation and job creation turned positive after being negative for 32 of the last 35 months. Read more here.