Small Business By The Numbers

Ep. 1: October Small Business Economic Trends

Priscilla Der

Each month, the NFIB Research Center surveys a random sample of NFIB members to collect data for the Small Business Economic Trends Report. To kick off the new research podcast, co-hosts Holly Wade, Executive Director of the NFIB Research Center, and Peter Hansen, NFIB’s Director of Research and Policy Analysis, dive deeper into the key findings from the October 2025 survey. Their discussion covers numerous trends that have been difficult to track during the government shutdown data blackout. While NFIB’s Optimism Index is just above its historical average, the conversation covers an outlier in the labor market trend, small business’ concerns and challenges, and what to watch for in the coming months.  

Learn more about the NFIB Research Center.