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Small business optimism sinks in April to lowest level in a decade

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Small businesses struggling to hire workers amid ongoing shortage

Bank of America President of Small Business and Head of Specialty Bank & Lending Sharon Miller discusses the release of the 2023 Small Business Owner Report and breaks down the top concerns faced by business owners.

, said its Small Business Optimism Index sank to 89 last month, a 1.1 percentage point decrease from March. That marks the 16th straight month of readings below the 48-year average of 98 and the lowest reading since January 2013. "We are Closing, thanks for your support and business after 35 years" sign posted on a small business door in Queens, New York.

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