The Index of Small Business Optimism increased 0.5 points in February to 101.7, according to the National Federation of Independent Business (NFIB), ending a 5-month decline during which the index tumbled to the lowest level since US President Trump took office. The decline of small business optimism was amid overall growing economic uncertainty and the partial US government shutdown and tracked with a declining consumer confidence index.
Small business is important business in the United States. According to the US Census Bureau, of the 5.9 million US companies in 2015, 3.6 million had fewer than five employees and employed a combined 5.9 million people, or about 5 percent of total US employment.
* According to the US Small Business Association's size standards, 'small business' varies by industry, but for most, a business is defined as small if it employs less than 500 employees or earns less than $7.5 million a year. Most small firms work in professional, scientific and technical services, construction, retail trade, and health care.
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