FOR IMMEDIATE RELEASE
Contact: Casey Hill, Utah State Director, casey@lincolnhill.com
Tony Malandra, Senior Media Manager, anthony.malandra@nfib.org

SALT LAKE CITY, Utah, July 3, 2025—From NFIB Utah State Director Casey Hill on today’s release of the monthly Jobs Report from the National Federation of Independent Business (NFIB), showing 36% (seasonally adjusted) of small business owners reported job openings they could not fill in June, up two points from May.

“It’s still an unsettled economy out there, so our Legislature showed great prescience in reducing income taxes and regulations until things find more normal and consistent footing.”

NFIB’s Jobs Report is a national survey of NFIB-member small-business owners, not broken down by state. The typical NFIB member employs between one and nine people and reports gross sales of about $500,000 a year.

From NFIB Chief Economist Bill Dunkelberg

“Despite the slowing labor market, many small business owners are still looking to attract applicants and hire for their open positions. Compensation pressures remain strong for those owners who are competing to retain and attract talent in their business.”

Highlights from Latest NFIB Jobs Report

• Overall, 58% of small business owners reported hiring or trying to hire in June, up three points from May.
• Seasonally adjusted, a net 33% of small business owners reported raising compensation in June, up seven points from May, and the largest monthly increase since January 2020.
• A net 19% (seasonally adjusted) plan to raise compensation in the next three months, down one point from May.
• Job openings were the highest in the construction, manufacturing, and transportation industries, and the lowest in the finance and agriculture industries.

Keep up with the latest on Utah small business news at www.nfib.com or on X @nfib_ut.

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For more than 80 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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