Nevada continues to lag because it keeps unemployment more rewarding than working
CARSON CITY, Nev., July 1, 2021—Small businesses’ inability to find qualified workers dipped only slightly in the latest monthly Jobs Report put out today by the National Federation of Independent Business (NFIB), and the Nevada state director for NFIB put her finger on one of the problems.
“Nevada added back just 10,200 jobs in May, yet there are over 90,000 job openings in the state, while over 150,000 Nevadans continue to apply for unemployment,” said Randi Thompson NFIB’s Nevada state director. “Small businesses are struggling to stay open because they can’t find workers.
“Some restaurants are returning to ‘take out’ only because they can’t get bartenders and wait staff. Prices for food are going up. The longer we pay people $15 an hour to stay home, the longer our small businesses will suffer, and customers will pay more.”
Thompson attributed the extra $300 a week the federal government adds on top state unemployment checks as a big contributor to the problem, a bonus about half of the nation’s governors have ended but not Nevada’s.
Highlights from the Jobs Report
- According to NFIB’s monthly jobs report, 46% of small business owners reported job openings they could not fill in the current period, down two points from May but still above the 48-year historical average of 22%. Small business owners continue to struggle to find qualified workers for their open positions while raising compensation at a record high level.
- A net 39% (seasonally adjusted) of owners reported raising compensation (up five points), a record high. A net 26% plan to raise compensation in the next three months (up four points).
From NFIB Chief Economist Bill Dunkelberg
- “In the busy summer season, many firms haven’t been able to hire enough workers to efficiently run their businesses, which has restricted sales and output,” said NFIB Chief Economist Bill Dunkelberg. “In June, we saw a record high percent of owners raising compensation to help attract needed employees and job creation plans also remain at record highs. Owners are doing everything they can to get back to a full, productive staff.”
NFIB’s Jobs Report is a national snapshot not broken down by state. Today’s results were based on 592 respondents to the June survey of a random sample of NFIB’s member firms, surveyed through 6/28/2021. The NFIB Research Foundation has collected Small Business Economic Trends data with quarterly surveys since 1974 and monthly surveys since 1986.
Keep up with the latest Nevada small-business news at www.nfib.com/nevada, where this news release can also be found, or by following NFIB on Twitter @NFIB_NV.
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 our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
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