February 2, 2023
Colorado Comment on Another Dismal NFIB Jobs Report
- proposal requiring employers to make employees aware of all the state tax credits available to them, (HB 1006)
- an environmental bill giving more regulatory authority over the oil and gas industry, which will only further sap the economic vitality of the small businesses reliant on it for trade and for the delivery of their goods. (SB 16)
- HB 1118, a requirement that employees be given two weeks’ notice of their shifts. The last of which would be particularly onerous on restaurants and tourism, which need to make market changes almost daily.
- Forty-five percent (seasonally adjusted) of all owners reported job openings they could not fill in the current period, up 4 points from December. The share of owners with unfilled job openings far exceeds the 49-year historical average of 23 percent although it is 6 percentage points lower than the record high of 51 percent last reached in May
- Seasonally adjusted, a net 46 percent reported raising compensation, up 2 points from December, and just 4 points below the 49-year record high set in January last year.
- Industries with highest percentage of job opening:
— Construction 57% — Transportation 49% — Manufacturing 46% — Services 45% — Retail 41% — Wholesale 41% — Professional 34% — Finance 30% — Agriculture 26%
Keep up with the latest Colorado small-business news at www.nfib.com/colorado or by following NFIB on Twitter @NFIB_CO or on Facebook @NFIB.CO ### For nearly 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com. NFIB Colorado 1700 Lincoln Street, 17th Floor Denver, CO 80203 303-860-1778 www.nfib.com/colorado Twitter: @NFIB_CO Facebook: NFIB.CO
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