From NFIB:
The month of April marked a second consecutive month of decline in small-business optimism; NFIB’s index dropped to 91.2 in April – a much smaller dip than the previous month, but still another sign of the nation’s anemic economic recovery. While reports of net jobs created by small firms stayed positive, the numbers posted did not match the surprising gains cited in last week’s Labor Department report. This suggests that the bulk of new hiring is happening in larger firms and the smaller counterparts on Main Street—the ones traditionally responsible for leading the country out of recessions, are still struggling to hire…
So, the Magical Mystery Recovery continues…as long as you close your eyes, click you heels three times and repeat “I believe in Ben”, you can see all the recovery you want…for the rest of us, not so much.
HAT TIP: Mish’s
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