This survey provides a snapshot of the JCN Foundation’s Small Business Intelligence Quotient (SBIQ)–an index tracking overall small business optimism. The indicator will be tracked monthly to identify trends at-large and among key small business employer segments. The SBIQ is based on seven key elements:
- Employer’s Current Business Conditions
- Condition of U.S. Economy Today
- Current Climate for Small Businesses
- Direction of Employer’s Business Over Next 3-Months
- Employer’s Plans for Hiring Over Next 3-Months
- Direction of U.S. Economy
- Direction of Climate for Small Businesses
The SBIQ is calculated on a scale from 0 to 100, with 100 being best possible conditions and 0 being worst possible conditions. A score of 50 is neutral, anything above 50 is positive and anything below is negative. To calculate the scores, point values are applied to each response and multiplied by the share of respondents giving that answer.
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