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NFIB Optimism Improves, Labor Market Slowly Balancing

US DATA
  • NFIB Small Business Optimism surprisingly increases in Sep from 91.8 to 92.1 (cons 91.6).
  • Third monthly increase for highest since May whilst the 51% of businesses raising selling prices is the lowest in a year.
  • Some improvement in labor market balance with positions not able to fill down 3pts to 46%, below the 6-mth average of 49% and the lowest since Jun'21.

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