Bill Vernon, NFIB, on New England Unemployment Rates

-- -- -- the market selloff is not nearly as bad as we thought it would be I think the counseling down forty points -- -- yeah you just reaching here -- -- just trying to make it all the heck did it right right I got this idea I feel a lot better than I did last night I went to bed last -- think in the boy this is going to be a -- Can you with the Debbie downer for the night yeah 2000 only down 4949. NASDAQ in every. Their days talking to my wife yeah. It looks flat -- it it's down slightly enough to be read that pretty much everything's flat the good news -- down a dollar eighteen now at 9730. -- They were joined by Bill -- from the National Federation of Independent Business. Bill welcome to the show -- you do this morning. Good very. That a that I thought. Yeah he had much better able to what do you attribute the weak jobs report that we got on Friday I'm sure you're getting this question asked to view a lot right now. Wire employers not put new people on. I think is it is a lot of reasons obviously as well there's a lot of economic and vision over from Europe. Nationally. There's a lot of frustrated work result there and you know tumbled workers to may have been laid off who's thinking we local back in the into the job market and -- -- matching problems that I know. About Patrick administration's working on year to try to -- Match skills -- Improve training and that sort of thing the safety net. May may cast some of these jobs less desirable. And they travelers would be was prepared if this second shops -- the -- -- in the family but also going out and and in other may not be worth it for them economically to do that. Do you think people suck as much money out of unemployment as they can before they go back to work bill. Yeah yeah. -- why is too generic talking about the disparity in unemployment rates were looking at Rhode Island -- eleven point 1% Massa six and a half. In new hip first five point two talking you have that much disparity in the same region of the country the northeast as I. You look at it and I'd normally you'd think that the economies would be pretty similar. RI issue they -- -- do -- -- working well of Massachusetts. Com. But -- haven't this special case and in public policy matter and that's where the law. And RI has some regulations that are would they have. A rule against biweekly page in Rhode Island. Some very strict partnership the issues they have the smallest the state tax exemption I think in the country of second smallest. Which really drives away from. -- some them higher income and moderate income. People in retirement before retirement people who -- the business. -- is that they want solve -- like -- -- because these state text we'll take it they go to the -- there's a lot of -- Rhode -- Consistently at the bottom of state ratings regarding business climate regulatory environment that sort of thing and -- Desperately need signature issue like New Hampshire has been anxious signature issue everybody knows those they -- And Rhode Island desperately needs. The signature edition it's small state. I think he could do it but. It's kept. It is very easily up to mean big that was the issue on the cool and elegant and very steep correction but. Find them anywhere but. -- one at. Which is -- has some advantages obviously. These colleges and universities can emigrated should. Hi -- you know they've they've had some signature industries through the years but. It's also has some some disadvantages in name of one of the ability that I want to ask you about was the health insurance like how much. Of the discouragement is the issue associated with health insurance for your employees to employers. I know when I talk to business owners are saying you know I just don't know if I wanna expand. And and take guys on because if I do it first of all by lay them off I have to pay they ask you -- by two in the rear and FT -- law. And then the cost of health insurance is prohibitively expensive up yeah. It's definitely cost structure and yeah they did he. Obviously everybody knows now I think that when -- used to do reform in 2006 the cost issue was avoided. It was avoided or. Political reasons that it's a very difficult issue I would say it's yeah. It's you know one person's cost reductions and other persons revenue reduction in Massachusetts the healthcare industry isn't huge industry it's an important. Industry for a state. Hires a lot of people. Com but it also because of the cost has cost us a lot of jobs as well. And I think that that party equations often forgotten it always hear about how important. I'll carry is of the masters economy. You know the cost of health care is this is always at the top of members list the small business owners list and it definitely is undiscovered until hiring because it'd be -- -- Business owners look at especially small business they're looking at the future always thinking about. What can attitude on the line don't get real higher real low. They don't go off and hire a lot of people on you know things are going well because they don't like to have tired you know. Laid off if gambling Amber's when things go bad so. They they. They try not to and they avoid -- the problem in this particular economy is it's gone on for so long. That it's really been. -- real hard one for a small business. What do you hear from the NF five B in terms of job creation during the next six months in a some I read some reports on Friday afternoon that said. Well you know the the the April number was artificially low it's gonna get better in May June July and August do you buy that or do you think it's gonna play lousy for them because. I think -- the next four months reports are going to. Be very influential in terms of the presidential election. I think you're right there I think I've also heard that you know the good weather and covering march. Made all the difference in terms of job creation that points so there's no there's no job creation going forward I also think we have to look at it I think this issue and as she -- off. Attention is. What's going to happen at the at the end of the year after the election. If your attitude income taxes taxes on dividends capital gains payroll tax you know small business. Com. All of the end of the year and in -- with a cut cuts in government spending especially dependent on which would. I think would obviously yeah -- Massachusetts. A lot to the human to. Dependence on defense spending so. I think that the -- I think there's a lot of worries about the future. Specifically in Massachusetts. Then guarantee paid sick leave minimum wage increases. So potent type issues that small business on the look -- find it hard card bank without all all of that and when it's going to be our I think things getting better. But it -- and all that equipment and can be hurt the small businesses to create the types of the job creation that historically -- and they don't we we've provided small business owners provide two thirds of the jobs and and they haven't done it for years and these have some of the reasons -- Me on the you know this is curious last week I saw Governor Patrick on Bloomberg television bragging. About how strong the Massachusetts economy was in the in the health care program announced that they're scratching my head is a business owner of -- Are we living in the same state you know -- duty he's proud of of the health care program but I I can tell -- and you must hear this from other members in the NFIB. I if if I bought the same health insurance plan and I'll offer to my employees here in Massachusetts and I bought it in Arizona the cost -- go down by 33%. That is that cost the health care is not addressed hasn't been addressed hopefully they're doing it right now. To some extent although I mean -- he's -- bit about some of these goat thing. You know they're talking about if the hospital charges more than it should in the balance the other hospitals you know there was the health care is different than anything else for. Bristol we we -- there. Computerization of the medical records I don't quite understand that not of my businesses have ever received from the state government based computers. But the other one is that now we and we -- these. We're gonna give the other hospital the money if there is some hospitals are charging too much. Or health care. And the money these extra money the state says that they charge shouldn't affect other hospitals as a back to the consumers mean no other consumer product but have the money go back to somewhere else in the industry and health -- it's it's just different. And let me say about the masters economy I think there's a lot of truth the fact that the Boston economy. And then the rest of state and Pittsfield and com Pittsburgh -- Brockton with all of you look at ballroom in the bad -- got word. There is no it was in Rhode Island or in the -- So if you're east to 495 -- probably do an OK if you're west of 495 via a problem. They built thanks for your time sure it. That's bill Vernon from the NFIB that's the National Federation of Independent Business joining us today on the financial exchange and lateral a -- I was really shocked and I saw the governor on television last -- Bloomberg Obama and he's. Right delusional he's bragging about how great things are messages as an -- regiment that play a duet where do you live in Massachusetts this is comparing it to really down and out state that's life everybody looks good when you -- next to revive him. That's right that's that's the beauty of -- That quote -- like that. It will be right back with more on the financial.