Small business optimism index falls to 11-month low

Photo by: National Federation of Independent Business
Photo by: National Federation of Independent Business

(Nashville, TN) -- Labor shortages and high prices are weighing down small business owners.  

The National Federation of Independent Business said today more small business owners raised prices at the start of the year to pass on higher costs for inventory, supplies, and labor.

They're now seeing more demand for their products and services, but they're worried that supply-chain disruptions and labor shortages will hurt their ability to meet that demand.