Millennials Most Likely Generation to Hire

Posted by U.S. Chamber of Commerce on 09/17/2019
The MetLife & U.S. Chamber of Commerce Small Business Index reached an all time high of 70.7 this quarter. The Index, first published in Q2 2017, is up two points from 68.7 last quarter.

This quarter’s rise is largely due to increased optimism in small business owners’ perceptions of their local economies. All other indicators remain largely unchanged at the national level. The third quarter survey was taken between June 28-July 25 and reflects small business sentiment at the time.

Some of the key findings this quarter include:

  • 56% of small businesses say their local economy is in good health, up five percentage points from last quarter.
  • 58% feel the U.S. economy is in good health, on par with last quarter (59%). Year to year, the percentage of small businesses that feel optimistic about the U.S. economy has increased from 41% in Q3 2017, to 55% in Q3 2018, to 58% now.
  • Two-thirds (66%) of small businesses continue to feel good about business health, including 41% who feel very good (slightly higher than last quarter’s 39%).

Q3 INDEX HIGHLIGHTS

 

SMALL BUSINESS INDEX: HISTORICAL CONTEXT
Graphic indicating the small business index scores from Q2 2017 to Q2 2019