NFIB | Jotup

November Jobs Report Solidifies Fed Pause

Retrieved on:

Friday, December 8, 2023

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NEW YORK, Dec. 8, 2023 /PRNewswire/ -- Today's jobs report revealed that the labor market is cooling, consistent with the Fed's desire to lower inflation. Nonfarm payroll additions totaled 199,000 in November. Excluding the return of striking workers, payrolls were up by 158,000. The job gain in October was unrevised, but September's gain was revised down for a third time bringing three-month job growth to 204,000, significantly below its level at the start of the year (334,000 in January).

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Commentary on today's US Bureau of Labor Statistics Employment Situation Report by Selcuk Eren, Senior Economist, The Conference Board
Jobs report supports Fed's desired slower consumption, inflation, and labor market trifecta
NEW YORK, Dec. 8, 2023 /PRNewswire/ -- Today's jobs report revealed that the labor market is cooling, consistent with the Fed's desire to lower inflation.
There was also a surge in manufacturing and information jobs following a resolution to the autoworker (UAW) and Hollywood (SAG-AFTRA) strikes.
The November payrolls report is consistent with other data released this week indicating that labor demand is slowing.
The payrolls report showed that the unemployment rate ticked down from 3.9 to 3.7%, reflecting more employed persons and fewer unemployed persons.

Beer Institute Names Andrew Heritage as Chief Economist

Retrieved on:

Monday, November 6, 2023

WASHINGTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Today, the Beer Institute, the oldest national trade organization representing the beer industry, announced it named Andrew Heritage as chief economist.

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WASHINGTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Today, the Beer Institute, the oldest national trade organization representing the beer industry, announced it named Andrew Heritage as chief economist.
“I’m excited to bring together my love for beer and economics as I lead the Beer Institute’s research efforts and help tell the story of this wonderful beverage," said Andrew Heritage.
“Andrew's deep and relevant experience will be instrumental in allowing the Beer Institute to continue to provide best-in-class insights and consumer trends for our members and drive results for the beer industry.”
Before joining the Beer Institute, Heritage was senior economist at the Coalition for a Prosperous America (CPA), lead economist at Thumbtack, and a senior policy analyst at the National Federation of Independent Business (NFIB).
For additional updates from the Beer Institute, visit our website , follow @BeerInstitute on Twitter, like the Beer Institute on Facebook , and follow the Beer Institute on Instagram .

Worker Productivity in the U.S. Is at an All-Time Low: Who or What Is To Blame?

Retrieved on:

Monday, June 5, 2023

SAN FRANCISCO, June 5, 2023 /PRNewswire-PRWeb/ -- Once a pandemic-driven necessity, working from home has become a coveted fringe benefit for the fortunate few who, as it turned out, don't really need to be in the office to get the job done. Pre-COVID, roughly 7% of the U.S. workforce did their jobs from home. At the height of the pandemic, 55% of those lucky enough to still have a job worked from home. In 2023, the percentage has dropped to 35%, still seven times pre-pandemic numbers.(1) Perhaps not coincidentally, worker productivity is dropping at the fastest rate in 75 years, with five consecutive quarters of year-over-year decline, a phenomenon that hasn't happened since 1948, post-WWII.(2) The grim trifecta of labor shortages, inflation, and an imminent recession has most certainly put pressure on small- and medium-sized businesses (SMBs) to reimagine their current business practices to weather the storm. Mikel Lindsaar, CEO and Founder of StoreConnect, proposes that "SMBs who invest in cost-and time-saving technology can overcome the current workforce and economic slumps and turn negative circumstances into positive outcomes."

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But there are other persistent challenges contributing to decreased productivity, and SMBs are in the crosshairs of another recession.
At the height of the pandemic, 55% of those lucky enough to still have a job worked from home.
(1) Perhaps not coincidentally, worker productivity is dropping at the fastest rate in 75 years, with five consecutive quarters of year-over-year decline, a phenomenon that hasn't happened since 1948, post-WWII.
Microsoft and Citrix conducted surveys of people in managerial roles to measure their level of confidence in the productivity of their remote workers.

TEXAS RESTAURANT ASSOCIATION AND MAIN STREET BUSINESSES APPLAUD FILING OF SWIPE FEE FAIRNESS LEGISLATION IN TEXAS

Retrieved on:

Tuesday, March 7, 2023

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This swipe fee fairness legislation will save Texas businesses over $587 million a year without creating any new costs for the government or Texas consumers.

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This swipe fee fairness legislation will save Texas businesses over $587 million a year without creating any new costs for the government or Texas consumers.
Like legislation filed in other states, Texas’ swipe fee fairness bill prevents banks and card companies like VISA and Mastercard from charging merchants a swipe fee when they collect sales, alcohol, hotel occupancy, and other consumption taxes on behalf of the government.
“We are incredibly grateful to Sen. Parker and Rep. Capriglione for filing swipe fee fairness legislation in Texas,” said Emily Williams Knight, Ed.D., President & CEO of the Texas Restaurant Association.
Main street businesses look forward to working with Sen. Parker, Rep. Capriglione, and their colleagues in the Texas Legislature to pass swipe fee fairness legislation during the current legislative session that ends on May 29, 2023.

Raleigh Entrepreneur and Advocate Honored with Woman Business Owner of the Year Award

Retrieved on:

Wednesday, August 24, 2022

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RALEIGH, N.C., Aug. 24, 2022 /PRNewswire/ -- The National Association of Women Business Owners Greater Raleigh presented long-time member, Olalah Njenga, CEO of YellowWood Group, with the Woman Business Owner of the Year Award during its annual board installation and awards gala. Greater Raleigh's Immediate Past President, Emily Parks, presented Njenga with the honor.

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The National Association of Women Business Owners Greater Raleigh awarded business leader and small business economy advocate, Olalah Njenga, with the 2021-2022 Woman Business Owner of the Year Award in recognition of her achievements and advocacy efforts
RALEIGH, N.C., Aug. 24, 2022 /PRNewswire/ -- The National Association of Women Business Owners Greater Raleigh presented long-time member, Olalah Njenga, CEO of YellowWood Group, with the Woman Business Owner of the Year Award during its annual board installation and awards gala.
The Woman Business Owner of the Year Award recognized Njenga for achievements reflecting the influence, inspiration, and impact of her work as a business owner and her life as an unwitting role model through the challenges she has overcome and the opportunities she has provided.
The firm partners with business leaders to transform ideas into objectives and objectives into outcomes.
The National Association of Women Business Owners ' mission is to propel women business owners into greater economic, social and political spheres of power worldwide.

American Express Releases 2021-2022 Environmental, Social and Governance (ESG) Report

Retrieved on:

Thursday, August 4, 2022

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American Express (NYSE: AXP) today released its 2021-2022 Environmental, Social and Governance (ESG) Report.

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American Express (NYSE: AXP) today released its 2021-2022 Environmental, Social and Governance (ESG) Report.
To view the 2021-2022 Environmental, Social and Governance (ESG) Report and learn more about American Express ESG strategy, visit https://go.amex/esg .
Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including those described in the 2021-2022 Environmental, Social and Governance Report and American Express filings with the Securities and Exchange Commission.
3 The American Express 2021 Small Business Saturday Consumer Insights Survey was conducted by Teneo on behalf of American Express and the National Federation of Independent Business (NFIB).

American Express and SiriusXM Bring Shop Small® on its First-Ever Concert Tour This Summer

Retrieved on:

Monday, July 18, 2022

Together, the companies will put small businesses in the spotlight by encouraging consumers across the country at each concert stop to Shop Small.

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Together, the companies will put small businesses in the spotlight by encouraging consumers across the country at each concert stop to Shop Small.
View the full release here: https://www.businesswire.com/news/home/20220718005579/en/
Were excited to collaborate with SiriusXM to bring Shop Small on its first-ever concert tour, said Elizabeth Rutledge, Chief Marketing Officer of American Express.
When a consumer scans a QR code, they will be provided with information about nearby local businesses from the American Express Shop Small Map .
The company also updated its Shop Small Offers Hub which features unique offers for eligible American Express Card Members from small businesses.

Tellus Equipment Solutions Expands Footprint into Comanche County, Accelerating Growth Plans

Retrieved on:

Tuesday, May 31, 2022

Tellus Equipment Solutions, LLC (Tellus Equipment), the authorized John Deere equipment dealer for Central and South Texas announced it has finalized an agreement to acquire Clark Tractor and Supply (Clark).

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Tellus Equipment Solutions, LLC (Tellus Equipment), the authorized John Deere equipment dealer for Central and South Texas announced it has finalized an agreement to acquire Clark Tractor and Supply (Clark).
The acquisition of Clark will increase Tellus Equipments market responsibility and territory footprint and will accelerate the companys growth plans in Texas.
Tellus will continue to service customers across its current territory footprint in Comanche, De Leon, and the surrounding communities with a best-in-class variety of equipment, products, and services.
Tellus Equipment Solutions, LLC (Tellus), headquartered in Katy, Texas, is a family-owned authorized John Deere Agriculture and Turf dealer and one of the largest John Deere agriculture, turf, and compact construction equipment dealers in North America.

Main Street Must Rethink Workplace Benefits to Counter Worker Shortages

Retrieved on:

Monday, April 18, 2022

A common perception on Main Street is that benefits are expensive to offer, said Stephanie Shields, head of Employee Benefits at Equitable.

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A common perception on Main Street is that benefits are expensive to offer, said Stephanie Shields, head of Employee Benefits at Equitable.
As a result, they are willing to fully pay for non-medical benefits or share the cost with their employer.
Traditional non-medical benefits like group disability income and life insurance are often funded by small businesses.
Equitable Advisors is the brand name of Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI and TN).

American Express’ 12th Annual Small Business Saturday® Reaches an All-Time High with an Estimated $23.3 Billion in U.S. Consumer Reported Spending

Retrieved on:

Monday, November 29, 2021

View the full release here: https://www.businesswire.com/news/home/20211128005237/en/

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View the full release here: https://www.businesswire.com/news/home/20211128005237/en/
Kido in Chicago IL (Photo: Business Wire)
Over the past 12 years consumers reported spending an estimated $163 billion at small businesses on Small Business Saturday, since American Express started the movement in 20103.
This year, thousands of American Express Neighborhood Champions across all 50 states celebrated Small Business Saturday in their local communities.
1 The American Express 2021 Small Business Saturday Consumer Insights Survey was conducted by Teneo on behalf of American Express and the National Federation of Independent Business (NFIB).
2 The American Express 2020 Small Business Saturday Consumer Insights Survey was conducted by Teneo on behalf of American Express and the National Federation of Independent Business (NFIB).