Optimism among small business owners stayed relatively the same in November as in October, according to payroll provider SurePayroll.
The company’s Small Business Scorecard for November found that optimism among small businesses remained at 53 percent.
“Small business owners' optimism is holding steady, despite frustrating external twists and turns such as a recurring market rollercoaster and government inaction," said SurePayroll president Michael Alter. "If small business owners stay the course and optimism continues to rise, expect about a 60 to 90-day window before optimism has the potential to turn into action in the form of hiring decisions or investing in growth."
Outside factors may be weighing on small business owners, such as uncertainty over deficit reduction and the health care reform law. When small business owners were asked by SurePayroll about the Supreme Court’s pending review of the health care reform law, by a ratio of 2:1, respondents said it would be positive for hiring and wages if the High Court declared the law unconstitutional.
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