Posted: May 8, 2012 7:53 AM by Associated Press
Updated: May 8, 2012 11:16 AM
NEW YORK (AP) - Small business owners recovered some of their optimism during April, but they're still wary about the economy.
The National Federation of Independent Business says its index of small business optimism rose 2 points last month to 94.5. That makes up for the 2 points lost in March, but only returns the index to its February 2011 level. William Dunkelberg, the NFIB's chief economist, still classifies the reading as weak.
Dunkelberg says owners' plans to hire rose during April. But he notes that news about the economy and Europe's debt crisis is still bad. He predicts only small improvements in hiring, optimism and spending for the rest of the year.
The index was compiled from a survey of NFIB members. The group represents and lobbies on behalf of 350,000 business owners.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Watch Daybreak Web Videos in full
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties