A survey of small business owners showed signs that some are less worried about the economy than they were three months ago.
The survey, by payroll service PayCycle, found that 39 percent of the 478 small business owners surveyed in the past week said that they were “very worried” about the economy, compared to 56 percent in mid-October. However, 48 percent now say they are “somewhat worried” about the economy, compared to 35 percent in October.
When asked about President Obama’s stimulus package, 48 percent said that they are “not at all confident” that the package will address the needs of small business owners. Only 13 percent indicated that they are “very confident” about this.
“The October survey was conducted just after the market crash and small business owners were, justifiably, very scared,” said PayCycle CEO Jim Heeger in a statement. “Now, we are seeing small business confidence begin to creep up.”
When asked about an economic recovery, 58 percent of survey respondents now believe that the recovery will take another 12 to 18 months, compared to 50 percent in the earlier survey.
