American small businesses are feeling more optimistic than any point in nearly 35 years, according to a National Federation of Business survey released Tuesday.
The index of small business optimism rose to 107.6 in February, up from 106.9 in January.
“Small business owners are telling us loud and clear that they’re optimistic, ready to hire, and prepared to raise wages,” said NFIB chief economist Bill Dunkleberg.
Business owners report that they are spending more capital and raising worker compensation.
The top concern for small business owners is finding skilled labor, particularly in construction and manufacturing sectors.