CHART OF THE WEEK: Microbusiness Perceptions of Economic Conditions Still Weak

The finalDiscover Card Small Business Watch surveyof owners of microbusinesses (companies with no more than five employees) showed little improvement in business owner perceptions of economic conditions.  In March 2011, only 9 percent of microbusiness owners said the overall economy was good or excellent, as the chart below shows. This number has been stuck around the ten percent level since late 2008 and is well below the 50 percent level achieved in March 2007 before the recession hit.

Percentage of owners of small businesses with 1 to 5 employees reporting that the economy is good or excellent

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