Biz is Optimistic
NFIB’s Small Business Optimism Index for June was the sixth-highest reading in survey history. The index saw a 0.6-point decrease to 107.2. Since December 2016, the Index has averaged 105.4, significantly above the 45-year average of 98 and nearing the all-time high of 108.0 in July 1983.
Bizwomen reports customers who tried but were unable to purchase a product at a physical store because it was out of stock account for more than 20 percent of Amazon’s North America sales. IHL Group found Amazon Prime members who can’t find what they want in a store are 52 percent more likely than other consumers to buy what they need online.
NFIB reports the share of US firms with open positions rose to 36 percent in June, matching November 2000 as the highest in monthly records back to 1973. Twenty-one percent of small-business owners said finding qualified workers was their biggest problem, also near a record level.
Kah-Nee-Ta Resort & Spa, owned by the Confederated Tribes of Warm Springs is closing and will permanently lay off 146 employees. The closure includes the lodge, spa, hotel and RV park. (PBN)
S&P 500 is down 15 and the NASDAQ is down 49. The MSCI international index is lower.
Oil is down 70 cents at $73.43 a barrel.
Gold is down $6 at $1249 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.