NFIB Sends Economic Warning: Slower Growth Ahead Amid Hiring Freeze, Falling Wages
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The latest National Federation of Independent Business (NFIB) survey shows a decline in small business confidence, with the lowest level in 11 years, indicating a potential recessionary economy. Higher borrowing costs and tighter lending standards impede business growth for small businesses. The decline in capital expenditures (CapEx) plans by small businesses suggests slower rates of private investment and economic growth. Rising concerns about poor sales and the cost of labor indicate a lack of demand and potential economic slowdown. The decline in sales expectations and actual sales of small businesses suggests weaker retail sales and slower economic growth. Small businesses' plans to increase employment are declining sharply, indicating a lack of demand. As employee compensation decreases amid rising living costs, consumption and economic growth rates slow down. The NFIB survey provides an economic warning that should not be dismissed.

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https://www.investing.com/analysis/nfib-sends-economic-warning-slower-growth-ahead-amid-hiring-freeze-falling-wages-200647787