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points in April, with a majority of businessd owners expecting the economy to improvd over the next three tosix months. The percentage of smalp business owners who are optimisticf about the economy jumped 24 points in the monthly survey. Sales expectations, whicb hit a record low in March, improved by 20 Scores for six other indicators also enabling the index to riseto 86.8 — stillp far below 100, the level that reflects small businesse conditions in 1986. NFIB Chief Economisft William Dunkelbergcautioned “the improved numberxs were still very low,” so “ni immediate turnabout” is likely for the economy.
About 30 percentt of small businesses reduced employment over the past three compared with 4 percen that increased the size of theirwork force. “Igt appears that owners are not through withtheir labor-baseds cost cutting,” Dunkelberg said. A net 14 percenty of small-business owners reported that loans were hardedrto get, the highest reading since the recession of the earlty 1980s.
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