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Small Business - Problems and Priorities

Aug 2012 Fact Sheet 1| Small Business Problems & Priorities The 2012 Issue of Problems and Priorities is published on the heels of the worst U.S. recession since the 1930s. The four years between the last edition published in 2008 and the current edition saw a near collapse of the financial system and housing market unprecedented government bailouts of the banking and automotive industries, and the enactment of massive economic stimulus programs. The immense magnitude and duration of the recession significantly altered the small-business landscape along with the problems owners now face in operating their businesses. Unemployment is still over 8% as small-business hiring remains stagnant and housing foreclosures remain at historically high levels. +8% 0/ TRRA Consumer confidence continues to lag pre-recession levels and businesses are still reluctant to hire or invest even as sales start to improve. And with the added pressure of high gas prices, similar to price increases last seen in 2008, the likelihood of rapid economic improvements is remote. $3.50 $3.00 Rank 10 $2.50 Avg Price of Gallon of Gas 15 $2.00 20 25 $1.50 1982 1986 1991 1996 2000 2004 2008 2012 While the economy is over 2 years into its recovery, progress is painfully slow as economic headwinds and uncertainty remain. To View Complete Report Go To: For More Small Business Information Visit: NFIB Research The Voice of Small Business |Foundation Problem Rank %24 %24 %24 Average Gas Prices (in 2012 dollars)

Small Business - Problems and Priorities

shared by peterwayne27 on Oct 18
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This infographic fact sheet outlines the effect of recession, unemployment and the increase in prices on small businesses.




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