The National Federation of Independent Business (NFIB) has released its latest monthly Jobs Report, indicating a decline in job creation for February. This marks the highest reading since last August, as reported by NFIB on March 6, 2025.
Tray Abney, Nevada State Director for NFIB, commented on the report: “NFIB’s two previous Jobs Reports, along with its recent Small Business Optimism Indexes, were giving signals of a possible revitalized small business economy finally taking hold, but the latest Jobs Report shows how fragile that vitality is and the need to keep it from back-sliding further.” He emphasized the importance of Congress maintaining the 20% Small Business Deduction and urged the Nevada Legislature to avoid tax increases or new mandates that could impact small businesses.
According to NFIB Chief Economist Bill Dunkelberg, “Over half of Main Street firms reported hiring or trying to hire in February, but with little success. Meanwhile, consistent compensation increases continue to put pressure on small business owners as they look for qualified workers to fill their many open positions.”
The report highlighted several key findings:
– 38% of small business owners reported unfilled job openings in February.
– Job openings were notably high in retail, construction, and manufacturing sectors.
– Labor quality was cited as a top problem by 19% of business owners.
– Labor costs were noted as a significant issue by 12%, nearing historical highs.
A net 33% of small business owners raised compensation in February. Looking ahead, a net 18% plan to increase compensation within three months.
NFIB’s Jobs Report is derived from surveys conducted among its members nationwide. The typical member employs between one and nine people with gross sales around $500,000 annually.
For more than eight decades, NFIB has been advocating for America’s small businesses across all states. More information can be found at nfib.com or through their social media channels.
