US May NFIB small business optimism index 95.3 vs 96.0 expected

June 9, 2026
-FXnews

Prior 95.9

The NFIB Small Business Optimism Index fell 0.6 points in May to 95.3, remaining below its 52-year average of 98.0. The Uncertainty Index rose 3 points from April to 91, remaining well above its historical average of 68.

As reported in NFIB’s monthly Jobs Report, the NFIB Small Business Employment Index remained essentially flat, registering 100.3 in May. The current reading is below the 2025 average of 101.2 but still slightly above the historical average of 100.0. In May, a seasonally adjusted 29% of small business owners reported job openings they could not fill in May, down 5 points from April and marking the lowest level since May 2020.

“AI investment spending has contributed to some excitement in the economy,” said NFIB Chief Economist Bill Dunkelberg. “Despite the enthusiasm around AI, the overall picture is divided

US May NFIB small business optimism index 95.3 vs 96.0 expected

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