The National Federation of Independent Business monthly sentiment tracker for June fell 0.9 to 103.6, the fifth-straight month it fell or was unchanged. The index is halfway between its pre-election reading of 98.4, and 105.8, whee it hit after the upset election of Donald Trump. Economists expected no change. Sentiment has “sustained” that post-election surge, NFIB said in a release, but warned that small business owners are losing patience with policymakers’ inability to pass the promised health care and tax reform legislation.
The number of job openings in the U.S. fell in May as companies hired the most people since 2004. Job openings fell by 301,000 5.66 million, one month after reaching the second highest level ever, according to the Labor Department’s job openings and labor turnover survey, known as "Jolts." The drop was caused by a big surge in hiring. 429,000 people were hired, for the biggest increase since March 2004. The quits rate rose a tick to match a post-recession high of 2.2%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
