American Express just completed its semi-annual survey of small businesses with under 100 employees. The outlook is slightly upbeat with 55 percent having a more optimistic outlook toward near-term prospects compared to 45 percent in March 2009.
However, no one is popping any corks.
Under one quarter, 23 percent (vrs. 28 percent in last spring), have plans for hiring. This it the lowest reading in the history of the survey.