US small business sentiment up in May

U.S. small-business confidence and hiring plans increased in May to their highest levels of the year, but the looming U.S. presidential election also drove uncertainty to nearly a four-year high, a survey showed on Tuesday.

The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose eight-tenths of a point to 90.5 last month, the second consecutive month it has risen after slumping in March to the lowest level since December 2012.
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 US small business sentiment increased in May. The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index rose to 90.5, marking the second consecutive month of growth after a significant decline in March The increase in small business sentiment is attributed to several factors. Firstly, the labor market showed resilience with higher-than-expected job growth in May, as reported by the Labor Department