U.S. small business confidence rebounded from a two-year low in April amid growing labor market optimism, supporting views economic growth will regain momentum in the second quarter.
The National Federation of Independent Business (NFIB) said on Tuesday its small business optimism index increased 1.0 point to a reading of 93.6 last month.
It was the first increase in the index this year. The index hit a two-year low in March. Despite April's jump, it remained below the 100 reading in December 2014 and its 42-year average of 98.