The National Federation of Independent Business small business optimism index rose 0.7 points in July to 107.9. The NFIB said it was the second-highest level in history and just under the 1983 peak. Eight of the ten components, led by plans to increase employment, expectations for rising sales and for expansion, increased; those for current inventories and plans to increase inventories declined. The single most important issue flagged by small businesses were concerns about the quality of labor, with a net 23% saying so.
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