SALEM – In response to the National Federation of Independent Business (NFIB) monthly Jobs Report, Oregon State Director Anthony Smith voiced concerns about the state’s economic climate. The report indicated a slight increase in the Small Business Employment Index, rising nearly 1 point to 103.5, surpassing both the 2025 average of 101.2 and the historical average of 100.
Smith said he is concerned that Oregon’s labor market lags behind national trends, with a higher unemployment rate and job openings at a five-year low. He criticized the Legislature for passing Senate Bill 1507, which further separates Oregon from the federal tax code by eliminating 100% bonus depreciation for businesses. This change impacts the ability to deduct the full cost of equipment purchases in the year of acquisition.
According to NFIB Chief Economist Bill Dunkelberg, while February showed signs of tightness in the small business labor market, employers continued to seek skilled workers for open positions.
Key findings from the report noted that a net 12% of owners plan to create new jobs in the upcoming months, the lowest level since May 2025.
Additionally, 15% of owners cited labor quality as their main concern, highlighting ongoing challenges within the sector.
