About: http://data.cimple.eu/news-article/516f14e9530b5a9a3675783c6a673d32c2d2370eab662d442ad5dde4

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About: http://data.cimple.eu/news-article/516f14e9530b5a9a3675783c6a673d32c2d2370eab662d442ad5dde4 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Small businesses saw no light at the end of the Covid-19 tunnel as optimism about the US economy waned in January, according to an industry survey released Tuesday. Following a third wave of coronavirus cases late last year, and as Congress debates a new round of government aid, the National Federation of Independent Business (NFIB) said its optimism index dropped 0.9 points to 95.0, three points below the average since 1973 and down from 104 in January 2020. Even as hiring increased solidly, owners expecting better business conditions over the next six months declined seven points to the lowest level since November 2013, NFIB said. January came in with a whimper as consumer spending tailed off sharply at the end of 2020, the report noted. Small firms have benefitted from multiple rounds of government loans, and President Joe Biden's proposed $1.9 trillion rescue package would extend additional aid. "As Congress debates another stimulus package, small employers welcome any additional relief that will provide a powerful fiscal boost as their expectations for the future are uncertain," NFIB Chief Economist Bill Dunkelberg said in a statement. Ian Shepherdson of Pantheon Macroeconomics notes that the survey -- which had just over 1,000 responses -- has a "strong Republican bias" and despite the decline had returned to the level seen prior to the 2016 election won by former president Donald Trump. hs/cs
schema:headline	Small US businesses increasingly fearful about economy: survey
schema:mentions	2016 United States presidential election History of the United States Republican Party United States Congress Joe Biden Coronavirus President of the United States Donald Trump Coronavirus disease 2019 Ian Shepherdson Pantheon Macroeconomics
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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