Oklahoma small businesses hit 6 month low


Thumbtack.com Releases Monthly Economic Sentiment Survey

By Tinita Tennant - ttennant@civitasmedia.com



Oklahoma small business owners reported a new low in economic sentiment, according to the Thumbtack.com Small Business Sentiment Survey, a monthly survey of independent local service businesses in the U.S., including 100 responses in Oklahoma. Designed with Bloomberg, the survey is housed and integrated into the economic functions of the Bloomberg Professional service.

Key findings for Oklahoma include:

  • Oklahoma’s small businesses reported a record 15 percent decline in feelings about their current financial health in July.
  • Expectations for the economy as a whole remained about the same, though small businesses were 4 percent less optimistic about their personal financial outlook.
  • Sentiment in Oklahoma was worse than the Southern and national averages, even though the South as a whole was more optimistic than the rest of the country..

Small businesses in Oklahoma reported that their biggest concern was acquiring new customers. In regards to hiring, Oklahoma small businesses reported a 2 percent decrease in plans to add jobs.

“Although the economy as seen through the eyes of America’s small businesses has improved over the last year, and some areas reported stronger economic sentiment, recent trends show that small businesses overall are not feeling optimistic about the future,” said Thumbtack’s Chief Economist Jon Lieber. “Expectations about future economic conditions have been on a five-month decline, even though hiring expectations nationwide are holding steady, which is a continued good sign in the labor market.”

Further information is available at https://www.thumbtack.com/ca/#/sentiment. Bloomberg Professional service customers can access this data and additional industry level analysis at {ECST T TACKUSBS }.

Thumbtack.com Releases Monthly Economic Sentiment Survey

By Tinita Tennant

ttennant@civitasmedia.com

Reach Tinita at ttennant@civitasmedia.com

Reach Tinita at ttennant@civitasmedia.com

comments powered by Disqus