TEXT OF STORY
Bill Radke: The U.S. economy may be growing again, but the mood among small businesses remains sullen. That’s according to a new survey out this morning from the National Federation of Independent Business. And we get the story Marketplace’s Brett Neely.
Brett Neely: The survey tracks small business owners feelings about the economy.
And the mood is still pretty bleak. The group’s statement said quote: small business owners entered 2010 the same way they left 2009: depressed.
The group’s index has now been negative for seventh straight quarters in a row, though it did show some signs of improvement.
Washington is worried about what’s happened to the small business sector. The Obama administration plans to increase lending to small businesses in a bid to create jobs.
But the federation says that’s not the problem; most of its members haven’t had trouble getting a loan. Instead, it says poor sales and a shortage of customers are a bigger concern. Businesses have had to slash prices and few plan to hire new workers.
In Washington, I’m Brett Neely for Marketplace.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.