Local Comment on Today’s Depressing Jobs Report

Date: July 01, 2020

Idaho should act fast on one problem gnawing at its small-business owners

BOISE, Idaho, July 1, 2020—To little surprise, NFIB’s monthly Jobs Report issued this morning showed a worsening economy, which the association’s Idaho state director also pointed out highlights the need for the Legislature to pass liability reform.

“Everything that can be done to lure small-business owners to re-open, stay open, and start hiring again should be tried,” said Suzanne Budge, Idaho state director for NFIB. “Right now, lack of liability protection against potential COVID-19 lawsuits from employees or customers, even though almost impossible to prove the virus was contracted at a place of business, is a great concern to small-business owners that is contributing to a national anxiety and uncertainty along the Main Streets of the nation. Idaho cannot wait for Congress to act. Many in Congress believe this is a state issue. Some states see this and have acted. We should do the same here.”

The release of today’s monthly Jobs Report from NFIB showed, to little surprise, a worsening economy, and it highlighted the great uncertainty now gripping the Main Streets of Idaho.

Today’s Jobs Report showed 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).

Commented NFIB Chief Economist Bill Dunkelberg, “As states change reopening rules and dates, sometimes easing restrictions, small businesses are feeling various levels of uncertainty as to what comes next. With recent COVID-19 spikes in some cases, many state governments are reversing prior decisions and reducing the potential for small business to earn needed revenue.”

Click here to read NFIB’s national news release on the Jobs Report.

Keep up with the latest on Idaho small business at www.nfib.com/idaho or by following NFIB on Twitter @NFIB_ID

Contact: Suzanne Budge, Idaho State Director, [email protected]
or Tony Malandra, Senior Media Manager, [email protected]

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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.

National Federation of Independent Business/Idaho
802 W. Bannock, Ste. 301
Boise, ID 83702
208-345-6632
www.nfib.com/idaho
Twitter: NFIB_ID

 

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