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View this X/Twitter post from @KobeissiLetter published on 2025年11月14日 16:47. This post contains 1 images.
Small businesses are being left behind: The net share of small business owners reporting higher nominal sales over the last 3 months fell -6 percentage points in October, to -13%, the lowest since January. This means the majority of small firms in the NFIB Small Business Survey reported lower sales. This also marks the 41st consecutive negative monthly reading. Historically, this metric has been a leading indicator for the nominal YoY change in GDP growth. This points to a significant slowdown in economic activity and lower hiring ahead. According to the US Small Business Administration, small businesses employ 45.9% of American workers and reflect 43.5% of GDP. US small firms are struggling.
