The NFIB Research Center released its monthly jobs report, showing the small business labor market has further weakened in June. Firms reduced employment by 0.28 workers per firm over the past month, weaker than the decrease of 0.17 workers per firm in May. Unchanged from last month, 6% reported increasing employment an average of 2.6 workers per firm and 22% (up one point) reported reducing employment an average of 4.6 workers per firm (seasonally adjusted).
NFIB State Director Jim Brown said, “These are very challenging times for small businesses in Tennessee. We are hearing overwhelmingly from NFIB members that uncertainty greatly inhibits recovery. Part of that uncertainty is not having safe harbor protection from pandemic-related lawsuits that are frivolous. We continue to urge state leaders to come back to Nashville as soon as possible to address that issue.”
