Of those that may reduce their workforce, about half expect to lay off one or two employees, according to the report. About 12% said they will likely lay off 10 or more employees.
While economic conditions have improved as states have eased up on business restrictions and lifted stay-at-home orders, "those businesses hardest hit by the crisis will likely need additional help," NFIB analysts wrote in the survey. There have been some recent signs that the economy is improving and that small businesses are faring better than they were a month ago.
Still, there's uncertainty ahead for small businesses. Weak consumer spending and some restrictions on business operations will likely impact firms through the end of the year, NFIB said.
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