Small Business Optimism Continued Post-Trump Election Surge in October

DC-area small businesses are hiring

US small business owners feel more confident

The nation's unemployment rate fell to a 17-year low of 4.1 percent in November, with more companies stepping up hiring, and small business owners in the D.C. area plan to do their share.

Small businesses were more optimistic in October as sales expectations grew, according to National Federation of Independent Business.

"Owners became much more positive about the economic environment last month, which suggests a longer-run view", said Bill Dunkelberg, chief economist of the NFIB.

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Four out of every five small business owners feel isolated, and almost a third said they lack knowledge and need extra support in business planning, a survey and report by not-for-profit group, Business Mentors, shows.

Ms Ford said the business mentors, who provide the advice to small and medium sized businesses (SMEs), believe as many as two-thirds of businesses need help, support and advice, and more than 90 percent need help to make the most of social media.

The NFIB survey is a monthly snapshot of U.S. small businesses, which account for most private-sector jobs and about half of the country's economic output.

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Four of the Index components rose last month, while five declined only slightly and one remained unchanged.

A Bank of America fall 2017 Small Business Owner report found a high level of small business owner confidence in the economy as well.

A net 23 percent of owners said they consider now a good time to expand, also up six points. Fourteen percent (14%), up 2 points from the previous month, reported increasing employment an average of 3.5 workers per firm, while 11% (down 2 points) reported reducing employment an average of 2.2 workers per firm on a seasonally-adjusted basis.

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