Small Business Confidence Hits 3-Year High

Small business confidence advanced in the US in February to its highest level since the beginning of the Recession, according on a report released by the National Federation of Independent Business (NFIB) today. According to the NFIB, while the slight uptick in confidence was a positive sign, it's still not significant enough to signify that the economy has shifted into "second-gear economic growth".
The confidence level among small business owners still remains well below the average level recorded in the pre-recession period of 2001-2007. A possible bright spot, however, is that the report shows an increase in small business hiring plans. Small companies are also reporting more unfilled job openings due to the fact that unemployed workers have less mobility now to follow jobs due to the depressed housing market.

