Contact Us

Small Business Optimism In Jersey Is Fading [AUDIO]

A new survey of small business owners finds optimism is waning.

Spencer Platt, Getty Images

Laurie Ehlbeck, the state Director of the Jersey Chapter of the National Federation for Independent Business, says the just-completed survey shows “that after several months of very small growth, that small business optimism is actually dropping for the second consecutive month…Members indicated the uncertainty in the economy and the gridlock in D.C. right now is affecting their ability to make business decisions at all.”

She says, “The uncertainty in tax rates and regulatory issues were also one of the top things that they mentioned – and the fact that there hasn’t really been any change in the unemployment rate…Also, they’re looking at the year coming up of costs of health insurance going up 20 percent or more, so it’s hard to make improvements to your business or hire people when you know you’re going to have a huge cost like that coming up.”

Ehlbeck adds, “They also noted in the survey there’s been very weak consumer spending, which has resulted in poorer sales, obviously, so they’re very reluctant at this point to make any capital improvements to their business, or to hire, or to expand in any way…At this point, many of them now are in a wait and see pattern and are reluctant to make any changes.”

She also points out the survey found “more owners indicated that they expect business conditions will be worse in 6 months, and that real sales volumes will be lower.”

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.


Best of WOBM

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for WOBM Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WOBM Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.