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Economic Report: Small-business owners turn pessimistic as labor and supply shortages worsen

The optimism of small-business owners in the U.S. fell in October to a seven-month low, as as worsening shortages of labor and supplies left them less hopeful about the near future.

A closely followed gauge of small-business confidence slipped by 0.8 points to 98.2 last month, the National Federation of Independent Business said Tuesday. It marks the lowest level since March.

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