Small Biz Creates 55,000 New Jobs
The overall economic outlook may be grim, but according to a new report, small business is providing a much-needed employment boost.
The ADP National Employment Report highlights the 55,000 new jobs created in March by companies with less than 50 employees. Compare that statistic to February, when only 16,000 new jobs were reportedly created by small business.
Among medium-size businesses (with between 50 and 499 workers), employment increased by 5,000, while large businesses with 500 or more workers saw employment decline by 52,000.
The report, created by ADP Employer Services in partnership with Macroeconomic Advisers, LLC, found that within the small-business category, the goods-producing sector lost about 8,000 jobs while the service-providing sector gained about 63,000 jobs.
Photo by LotusHead.
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