Driving the news: The NFIB’s latest small business optimism survey showed that a “collapse in sales has led to lower earnings and dampened employment prospects for months to come.”
“However, small business owners remain optimistic in the face of adversity as more expect the economy to improve … and expect the recession to be short-lived.”
Business expectations over the next six months jumped by 24 points from March.
And the outlook for business conditions in April rose to the highest in more than 18 months.
One level deeper: Workers have shown similar optimism, with 78% of all unemployed Americans expecting to be rehired in the next six months.