Research
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Small Businesses Show Growing Signs of Caution About the Future

Employees hard at work
Staffing levels and investment plateau, as concerns about inflation grow.
Read The Q3 2021 Report
Employees hard at work
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Q3 2021 Report Highlights

Small Business Index score gauge
Q3 2021 SBI:56.6
This quarter’s Small Business Index score is 56.6, down from last quarter (60.0 in Q2), but in line with the beginning of the year (55.9 in Q1 2021).
Highlights from the q1 2021 report
50%
of small businesses say it is difficult to recruit and hire enough employees to fill open positions
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34%
of small business owners say the U.S. economy is in good health: higher than any point since the pandemic began.
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72%
of small businesses say they find it difficult to manage higher costs due to inflation as they work to recover from the pandemic.
Learn More
50%
of small businesses say it is difficult to recruit and hire enough employees to fill open positions
Learn More
34%
of small business owners say the U.S. economy is in good health: higher than any point since the pandemic began.
Learn More
72%
of small businesses say they find it difficult to manage higher costs due to inflation as they work to recover from the pandemic.
Learn More

The Data Explorer

Use the Data Explorer to browse and analyze years of data from the Small Business Index.

The Data Explorer contains data going back to 2017 (when the Index began) on the 10 big survey questions covering views of the economy, hiring, investment and other key economic indicators.

Explore Past Reports

View More Reports
A group of office workers sitting around a table discussing a project.
Q1 2022 SBI 64.1

Index Reaches Pandemic-Era High, but Inflation Concerns Grow

Supply chain disruptions also linger, moderating optimism.
Two people walking and discussing some papers.
Q4 2021 SBI 63.0

Index Reaches Pandemic-Era High, as Many See Brighter Future

But worker shortage, inflation, and supply chain concerns persist.
Woman and man working at a farm shop
Q3 2021 SBI 56.6

Small Businesses Show Growing Signs of Caution About the Future

Staffing levels and investment plateau, as concerns about inflation grow.
A group of office workers sitting around a table discussing a project.
Q1 2022 SBI 64.1

Index Reaches Pandemic-Era High, but Inflation Concerns Grow

Supply chain disruptions also linger, moderating optimism.
Two people walking and discussing some papers.
Q4 2021 SBI 63.0

Index Reaches Pandemic-Era High, as Many See Brighter Future

But worker shortage, inflation, and supply chain concerns persist.
Woman and man working at a farm shop
Q3 2021 SBI 56.6

Small Businesses Show Growing Signs of Caution About the Future

Staffing levels and investment plateau, as concerns about inflation grow.