PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Small Business Advocate: Policies a Drag on Job Growth

By at 7 May, 2021, 10:16 am

NEWS

For Immediate Release

Washington, D.C.  – In response to today’s Bureau of Labor Statistics numbers reporting that the economy added only 266,000 jobs in April, Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement:

“The weak jobs data is not a surprise to those keeping in touch with local small businesses. The uncertainty, driven by a host of issues such as enhanced employment benefits and supply chain shortages are causing challenges for small business owners in terms of their ability to ramp up in response to demand. In addition, the severe turn in the direction of federal policy, which threatens to impose more costs on businesses through higher taxes and more regulation, is having a piling on effect in terms of uncertainty and confidence.

“Small business owners and entrepreneurs are facing enormous challenges on the hiring and supply chain front, and the prospect of added cost burdens from Washington is a kick in the teeth.  Small businesses are still digging out of the financial and economic disruptions of the pandemic, and saddling them with additional taxes and regulation will be another drag on their recovery and job creating capacity. President Biden and Congress need to listen to small businesses to guide their policymaking. They need policy stability and relief, not higher taxes and more regulation.”

BLS Revisions: The change in total nonfarm payroll employment for February was revised up by 68,000, from +468,000 to +536,000, and the change for March was revised down by 146,000, from +916,000 to +770,000. With these revisions, employment in February and March combined is 78,000 lower than previously reported.

CONTACT:

Karen Kerrigan, kkerrigan@sbecouncil.org

SBE Council is nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For more than 25 years, SBE Council has worked on and advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth. Visit www.sbecouncil.org for additional information. Twitter: @SBECouncil

###

News and Media Releases