NFIB Weekly News

 
NFIB Weekly News Leading the News

US Job Openings Reached Record Level In June. (08/15/2017)

Bloomberg News (8/8, Chandra) reported that according to the Labor Department’s “JOLTS report,” a “June surge in US job openings to a record indicates demand for workers remained strong at the end of the second quarter.” Bloomberg says the increase in openings highlights “the need for workers in an economy that’s continuing to expand.” Meanwhile, “the pool of qualified Americans is shrinking and making some positions tougher to fill, one reason economists expect the monthly pace of hiring will eventually cool.”


Business Climate

Study: Trump’s Regulation Reductions Have Saved Businesses Billions. (08/15/2017)

A new study from the conservative group American Action Forum found that President Trump’s efforts to cut regulations have “saved businesses nearly $4 billion per year compared with President Barack Obama’s pace of imposing regulations,” the Washington Times (8/8, Boyer) reported. According to the study, “final rule costs during Mr. Trump’s first six months in office will cost US businesses about $378 million per year, compared with $4.2 billion for the same period” during the Obama Administration. The study found that compared to the Obama Administration, Trump “has imposed 5 percent of the lifetime costs on businesses, 9 percent of the annual costs and 12.5 percent of the employee hours required for paperwork.”


Small Business Marketing

Facebook Changes Impression Reporting And Removes Unintentional Clicks. (08/15/2017)

Reuters (8/8) reported that Facebook announced that it will “no longer count clicks categorized as unintentional in advertiser’s campaigns” and will try to “reduce [the] number of unintentional clicks by looking further into additional bounce rate metrics.” Facebook also said it will provide advertisers with “two new metrics; gross impressions and auto-refresh impressions” which will “help offer more clarity on number of ads shown to people.”


Wages and Benefits

Productivity Rose At 0.9 Percent Rate Last Quarter. (08/15/2017)

The Wall Street Journal (8/9, Leubsdorf, Subscription Publication) reported that worker productivity rose at a 0.9 percent rate in the second quarter, up from a 0.1 percent growth rate in the first quarter. Despite the increase, the Journal called the gains modest, with a slow trend unlikely to end soon.



The information contained herein may not represent the views and opinions of Zions Bank or its affiliates and is intended for informational purposes. It is presented for general informational purposes only and does not constitute tax, legal, investment or business advice.