The right move at the right time will start filling job openings and speeding economic recovery
PHOENIX, May 14, 2021—From Chad Heinrich, Arizona state director for the National Federation of Independent Business (NFIB), the nation’s largest and leading small-business association, on Gov. Doug Ducey’s announcement, yesterday, that the state would no longer add federal stimulus money on top of state unemployment benefits.
“Although well-intended, the federal government’s addition to state unemployment benefits created a perverse financial incentive for many to remain at home and on the couch rather than report back to work or find a job.
“This created an unsustainable situation that could be seen in NFIB’s latest Small Business Economic Trends report that found 44% of small-business owners unable to fill job openings, a record high that topped the previous month’s record high.
“Federal benefits are scheduled to end in September, anyhow, but by moving Arizona’s timeline to July 10, the governor is speeding up Arizona’s economic rebound while giving workers plenty of time to prepare, and his one-time bonus for returning to work is an additional spur for anyone planning to run out the clock on collecting benefits instead of getting back to work.”
Keep up with the latest on Arizona small business news at www.nfib.com/arizona or by following NFIB on Twitter @NFIB_AZ
For 78 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.