Spurring some people off their couches and back to work will get the economy moving again
CHEYENNE, Wyo., May 12, 2021—The representative association for Wyoming’s small businesses today thanked Gov. Mark Gordon for ending the state’s participation in the supplemental unemployment benefits offered by the federal government.
“The extra money the federal government was offering on top of state unemployment benefits was due to expire in September, anyway, but by acting now, Gov. Gordon is correctly addressing a problem those extra benefits have created: a disincentive to return to work and start drawing a paycheck again,” said Tony Gagliardi, Wyoming state director for the National Federation of Independent Business (NFIB).
NFIB’s latest Small Business Economic Trends report, the nation’s leading barometer of the Main Street economy, backs up Gagliardi’s assertion. Released yesterday, the report (aka the Optimism Index) found that while optimism is on the rise, 4.8 points over the past three months, so too is the nagging inability to fill open positions, at a record 44% of small business owners reporting the problem.
From NFIB Chief Economist William Dunkelberg
“Small business owners are seeing a growth in sales but are stunted by not having enough workers. Finding qualified employees remains the biggest challenge for small businesses and is slowing economic growth. Owners are raising compensation, offering bonuses and benefits to attract the right employees.”
Keep up with the latest Wyoming small-business news at www.nfib.com/WY.
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.
P.O. Box 1890
Cheyenne, WY 82009