Forty-one percent of owners reported job openings that were hard to fill, down three points from November but historically very high.Tax relief and regulatory consistency would go a long way in shoring up our economic recovery.” Hopefully, with the legislature convening today, we can work together to improve conditions for small businesses in Texas. “It’s no surprise more than half of our local job creators are pessimistic about business conditions in 2023. “Unable to find willing and qualified workers as prices continue to skyrocket, small businesses face enormous uncertainty,” Spilman said. State-specific data is unavailable, but NFIB State Director Annie Spilman outlined how economic uncertainty is crushing small business owners in Texas. “Overall, small business owners are not optimistic about 2023 as sales and business conditions are expected to deteriorate.” NFIB Chief Economist Bill Dunkelberg. “Owners are managing several economic uncertainties and persistent inflation and they continue to make business and operational changes to compensate.” “Overall, small business owners are not optimistic about 2023 as sales and business conditions are expected to deteriorate,” said NFIB Chief Economist Bill Dunkelberg. Inflation remains the single most important business problem with 32% of owners reporting it as their top problem in operating their business. Over the next six months, small business owners expecting better business conditions worsened by eight points from November to a net negative 51%. The NFIB Small Business Optimism Index declined 2.1 points in December to 89.8, marking the 12 th consecutive month below the 49-year average of 98.
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