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.