Taking the temperature of small business
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 13 August 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
When you think “high prices,” you might think of stressed family budgets. But small businesses have to pay up too. Nevertheless, small-business optimism hit a two-year high last month, but it remains under the 50-year average. We’ll visit a boutique in New York and a bookstore chain in Georgia to get entrepreneurs’ on-the-ground perspectives. Also in this episode: New labor data could signal that interest-rate cuts are imminent, snack companies cook up Ozempic-friendly treats and Canada steps into the crude oil supplier spotlight.
Transcript
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| 0:19.7 | Marketplace. On the program today, more economic. place. |
| 0:23.0 | On the program, today more economic data than you can shake a stick act. |
| 0:28.0 | But, you know, fun. |
| 0:31.0 | From American public media. |
| 0:34.0 | This is a week rich with economic... August, good as always, to have you along everybody. |
| 0:53.0 | This is a week rich with economic data, not perhaps exciting to you. |
| 0:57.4 | Catnip, though, to those of us whose job it is to try to figure out where this economy is going. |
| 1:02.3 | And I should say that by data, I mean actual, |
| 1:05.1 | you know, quantifiable data about which more in just a second. |
| 1:08.7 | But also, there is a more subjective side |
| 1:12.1 | to the economic news of the day and it comes to us |
| 1:14.6 | from the National Federation of Independent Business and its monthly Small Business optimism |
| 1:20.4 | index. The good news is that the index rose more than two points in July. |
| 1:24.8 | Small businesses are the most optimistic they've been since February of 2022. |
| 1:29.6 | The less good news is that optimism is still below the long-term average. |
| 1:34.8 | So, Marketplace is Kristen Schwab. |
| 1:36.5 | Call it some business owners today to see what's what. |
| 1:39.7 | The first question I had for Nicole Panitary was simply, how are you feeling? |
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