NFIB Weekly News

Stay up to date with the latest National Federation of Independent Business (NFIB) and other small business news. NFIB, founded in 1943, is known as “the voice of small business” because of their credibility with the government and the media.

NFIB Weekly News

Leading the News

Small Businesses Take Legal Action Against FTC Ban on Noncompete Agreements (05/15/2024)

WASHINGTON, D.C. (May 15, 2024) – NFIB filed an amicus brief in the case Ryan, LLC. v. Federal Trade Commission (FTC) at the U.S. District Court for the Northern District of Texas, supporting a challenge to the FTC’s final rule banning noncompete agreements. NFIB argues the FTC does not have authority to ban noncompetes. NFIB opposed the FTC’s final rule issued in April 2024.

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Business Climate

Inflation Continues to Hinder Small Business Operations (05/14/2024)

WASHINGTON, D.C. (May 14, 2024) – NFIB’s Small Business Optimism Index rose by 1.2 points in April to 89.7, marking the first increase of this year but the 28th consecutive month below the 50-year average of 98. Twenty-two percent of owners reported that inflation was their single most important problem in their business, down three points from March but still the number one problem for small business owners.

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Wages and Benefits

NFIB Jobs Report: Small Business Job Openings Rise in April (05/02/2024)

WASHINGTON, D.C. (May 2, 2024) – According to NFIB’s monthly jobs report, 40% (seasonally adjusted) of all owners reported jobs openings they could not fill in the current period, up three points from March, which was the lowest reading since January 2021. The percent of small business owners reporting labor cost as their top small business operating problem increased one point from March to 11%, only two points below the highest reading of 13 percent reached in December 2021.

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