Small Business Optimism Plunges 15% In September

SurePayroll’s latest monthly scorecard found optimism among small business owners is 45%, down from 60% in August. Michael Alter is SurePayroll’s president and CEO.

“And when you’re concerned about the future, you’re going to freeze, you’re not going to hire, and you might not even replace those folks that leave.”

Alter says the main reason for falling optimism is concern about the outcome of the presidential election. Nearly two-thirds of those owners surveyed favor Republican candidate Mitt Romney over President Barack Obama.

Nationwide, small business hiring was down 0.2% from August, while the average paycheck was flat. The situation was marginally better in Houston, where hiring rose 0.2% and paycheck sizes fell nearly 1.5%.

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