BofA says job growth only booming in one surprising sector

February was a strong month for small businesses in spite of some pretty severe headwinds, according to the latest research from Bank of America. Despite increased cost pressures from inflation, economic uncertainty, and the prospect of further price hikes, small business profits increased 1.2% year over year in February. The inflow-to-outflow ratio from its small business accounts, which reflects profitability, reached 1.03 in February, its highest level since March 2025. While that is good news for th ...