712: #SmallBusinessAmerica: The second wave and shutdowns: is the sky falling on small businesses? @genemarks @Guardian @PhillyInquirer
Image: 1919 Ernest Haskell (American, Woodstock, Connecticut 1876–1925 West Point, Maine) #SmallBusinessAmerica: The second wave and shutdowns: is the sky falling on small businesses? @genemarks @Guardian @PhillyInquirer Gene Marks, @genemarks @Guardian #SmallBusinessAmerica, Philadelphia Inquirer, and at TheHill; in re: NFIB: National Federation of Independent Businesses publishes a monthly optimism index. The sky is falling on small businesses. Job openings now are within 2% of February. Online sales up 35% from last year. MACRO / The NFIB Optimism Index remained at 104.0 in October, unchanged from September and a historically high reading. As reported in NFIB’s monthly jobs report, small business owners are looking to hire, reporting a historically high level of job openings in October. Overall, 55% of owners reported hiring or trying to hire in October, down 1 point from September. Thirty-three percent (seasonally adjusted) of all owners reported job openings they could not fill in the current period, down 3 points from September’s report. http://www.nfib.com/surveys/small-business-economic-trends/ In the week ending November 7, the advance figure for seasonally adjusted initial claims was 709,000, a decrease of 48,000 from the previous week's revised level https://www.dol.gov/ui/data.pdf Cleveland Fed: Key Measures Show Inflation Eased Year over Year in October https://www.calculatedriskblog.com/2020/11/cleveland-fed-key-measures-show.html TSA Travellers: still slow https://1.bp.blogspot.com/-ovwAS8B0M6U/X6k_NNn60iI/AAAAAAAA29A/1gkaxKc0dmgn4JaHCCM4TXInQ80w9CPrgCLcBGAsYHQ/s1027/TSANov92020.PNG San Francisco voters approve taxes on CEOs, big businesses https://www.sandiegouniontribune.com/news/california/story/2020-11-04/san-francisco-voters-approve-taxes-on-ceos-big-businesses Here are the big tax headaches that could hit firms and employees who work from home https://www.inquirer.com/business/taxes-incomes-pennsylvania-new-jersey-philadelphia-wage-nexus--20201027.html Little-known COVID-related tax benefits could save small businesses a bundle this year https://www.inquirer.com/business/cares-act-small-business-tax-breaks-covid-19-losses-20201109.html