Economic Report: Small-business sentiment surges after Republican sweep

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President-elect Donald Trump meets with House Speaker Paul Ryan.

Small-business sentiment jumped by the largest monthly amount in more than seven years after Republicans swept to an election victory.

The National Federation of Independent Business on Tuesday said its small-business optimism index jumped 3.5 points to a seasonally adjusted 98.4 in November, marking the strongest monthly gain since April 2009.

That is only the third time since 2007 the optimism index has broken into what’s considered above-average territory.

The difference was stark when comparing responses before and after the election.

According to an NFIB spokesman, the optimism index was 95.4 for those who responded before the election, and 102.4 for those who responded after the election.

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