With high confidence, a high quit rate, slack in the labor market, and growth in temp jobs, the business cycle shows no sign of falling into a recession. However, all is not good as there is an opioid crisis and an incarceration crisis.

The June NFIB small business index was 107.2 which was the 6th best reading since the indicator was started 45 years ago; this puts that report in about the 99th percentile.

In the NFIB report, 31% of firms had openings for skilled workers and 13% had openings for unskilled workers. 36% of firms stated that finding qualified workers was the biggest challenge they faced. This was up 3% from last month and matches the record high set in November 2000. No Peak In Sight?

Submitted July 13, 2018 at 12:47AM by AlexPitti https://ift.tt/2KWJUru