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Small Businesses Aid October Job Growth
Good news for small business seekers: in October employment increased by 63,000 jobs.
Research conducted by Macroeconomic Advisers, LLC, for its ADP Small Business Report, discovered that job growth in small businesses, defined as businesses with fewer than 50 employees, comprised 59% of total job growth (106,000 added jobs) in October.
The company's chairman, Joel Prakken, said that "this month's ADP Small Business Report suggests small businesses continued to hire at a moderate rate. The three-month average change in nonfarm private employment from August to October is 50,000, so October's number represents a slight firming of employment growth among small businesses."
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Research conducted by Macroeconomic Advisers, LLC, for its ADP Small Business Report, discovered that job growth in small businesses, defined as businesses with fewer than 50 employees, comprised 59% of total job growth (106,000 added jobs) in October.
The company's chairman, Joel Prakken, said that "this month's ADP Small Business Report suggests small businesses continued to hire at a moderate rate. The three-month average change in nonfarm private employment from August to October is 50,000, so October's number represents a slight firming of employment growth among small businesses."
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