Small Businesses in the U.S. Experience Lowest Morale in Ten Years Due to Inflation and Job Concerns

U.S. small-business owners feel very negative after more than ten years.

The National Federation of Independent Business released a report showing a drop in optimism.

Economists expected a slight improvement but were surprised by the decline.

This marks the worst outlook since December 2012, according to NFIB's chief economist.

Concerns about rising costs are the main issue for small businesses.

Around a quarter of owners see inflation as their biggest problem.

Additionally, 37% are struggling to find workers for open positions.

Many business owners don't expect sales to increase in the near future.

Inflation and labor market challenges are contributing to the pessimistic outlook.

Consumer confidence is also declining, reflecting a gloomier economic atmosphere.