Is Nevada bucking national trend of positive small-business-hiring news?
FOR IMMEDIATE RELEASE
Contact: Randi Thompson, NFIB Nevada State Director, [email protected]
or Tony Malandra, Senior Media Manager, [email protected]
CARSON CITY, Nev., Sept. 4, 2020—The small-business economy is showing signs of slow but measurable recovery, according to yesterday’s release of NFIB’s Jobs Report, but Nevada doesn’t seem to be contributing to those numbers, says the state’s leading small-business association.
“NFIB’s monthly Jobs Reports are national snapshots, they are not broken down by state,” said Randi Thompson, Nevada state director for NFIB. “In our state’s case, it’s just as well because I think it might be a little embarrassing. At last reporting by the Bureau of Labor statistics, we had the third-highest unemployment rate and are still No. 1 for the year. Thousands of locally owned and operated small businesses are still in a world of hurt. The state has accommodated the re-openings of the big guys, now it’s time to develop policies giving Main Street, mom-and-pop enterprises the same opportunity.”
Yesterday’s Jobs Report showed a seasonally adjusted net 21% of small businesses planning to create new jobs in the next three months. This is up 3 points from July and 20 points above April’s reading, an unprecedented recovery.
Commented NFIB Chief Economist Bill Dunkelberg, “The small business labor market is recovering and moving in the right direction. Small businesses are planning to hire more workers, keep employees on the payroll, and their customers happy. However, there is still uncertainty and many small businesses are counting on additional financial assistance.”
But what about Nevada? “We went from an unemployment rate of 3.6 percent in February, to a national high of 30.1 percent in April. Many states are doing a better job for their small businesses, we need to do the same. Let’s make this the last labor-less Labor Day holiday weekend we ever have.”
Keep up with the latest on Nevada small business at www.nfib.com/nevada or by following NFIB on Twitter @NFIB_NV
###
For more than 77 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 Nevada
12575 Overbrook Dr.
Reno, NV 89511
775-830-8407
www.nfib.com/nevada
Twitter: @NFIB_NV
