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Small Businesses Added 37,000 Jobs in November, According to ADP Report

November 30th, 2016 Comments off
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The small business sector added 37,000 jobs in November, up from 34,000 in both October and September, according to the ADP’s most recent Small Business Employment Report. The ADP’s small business employment report looks at job growth specific to businesses with 49 or fewer employees.

Looking at company size, very small businesses (those with 1-19 employees) added 9,000 jobs and other small businesses (those with 20-49 employees) added 28,000 jobs.

Looking at sectors, small businesses in the goods-producing sectors continued its downward trend. Small businesses in this sector lost 14,000 jobs. Alternatively, small businesses in the service-providing sector continued to boom, adding 51,000 jobs.

To put these numbers in context, let’s look at national trends: Overall, the U.S. added 216,000 private jobs across company, up significantly from the 147,000 jobs added in October, according to the ADP’s national report. Medium-sized businesses added 89,000 jobs, and large businesses added 90,000. Overall jobs in the goods-producing sector are down 11,000 but have spiked in the service-producing sector, which added 228,000 jobs.

This report comes right after news that the consumer index hit a nine-year high in November, indicating that Americans are growing more optimistic about the economy. Employers seem to be feeling the same way as evidenced by the growing number of jobs.

If you’re among the small business employers adding headcount right now, here’s a great article on how to recruit as a small business owner. You might also want to check out these tips for avoiding hiring mistakes and asking effective interview questions to unveil top candidates.

Small Businesses Added 61,000 Jobs in July, According to ADP

August 3rd, 2016 Comments off
Circling a career opportunity that wants motivated individuals. Shot with very narrow DOF.

The ADP released its July 2016 Small Business Employment Report today, which shows that small businesses added 61,000 jobs in the month of June. While these are modest gains, and significantly lower than the 95,000 jobs added in June and 76,000 jobs added in May, it is not unusual for businesses to go through a bit of a “summer slump” when it comes to hiring.

Looking at company size, very small businesses (those with 1-19 employees) added 22,000 jobs, and other small businesses (those with 20-49 employees) added 39,000 jobs.

Some sectors fared better than others last month. Small businesses in the goods-producing sector actually lost jobs – 3,000, to be exact (2,000 among very small businesses, and 1,000 a month other small businesses). Meanwhile, those in the service service-providing sector added 64,000 jobs (24,000 in very small businesses and 40,000 in other small businesses).

The report is brighter for overall job growth, however. While small businesses added fewer jobs, overall (nonfarm) job growth exceeded last month’s numbers. The U.S. added 179,000 jobs in July – 7,000 more jobs than in June. These numbers reflect continued, healthy growth.

And according to CareerBuilder’s Small Business Midyear forecast, employers will continue to fill jobs if at a more modest pace than last year. Whether you are actively hiring or maintaining staff size for the moment, it’s important to keep collecting resumes and keeping track of interested candidates. Why? Consider these four big benefits to building your talent pipeline.