Small businesses seem to have saved the day (or month) in March, according to new employment data. ADP found that a full 55,000 people got new jobs thanks to companies with fewer than 50 employees.
Granted, the goods-producing small business sector didn't help the economy much; 8,000 jobs were lost here. The service sector went into (figurative) overtime, though, adding 63,000 positions.
Joel Prakken, the chairman of Macroeconomic Advisors, explained, "This apparent reacceleration of employment among small-size businesses contrasts with employment declines among larger firms, and is consistent with the stronger growth and resiliency these businesses have demonstrated over the past several years."
The numbers don't, then, indicate a sort of suicidal tendency towards overspending in a recession. Which is nice.
A hat tip goes to Kristin Edelhauser for this story. And since the March numbers were considerably higher (more than triple) than those from February, what'll happen this month is anybody's guess.
Keep Your Best Employees Sticking AroundBarriers to Finding the Right EmployeesDealing with the Loss of a Key EmployeeSmall Businesses Helps Economy Add 9,000 JobsBranding Through EmployeesKeeping Employees Up To SpeedDawn of the Extra StaffSmall Businesses Make Employees HappyProviding Employees With EquipmentFlexibility for Employees Could Mean Money Saved | |||
| Do you have a business site? Submit your business related site FREE! | |||
| |||
Comments
Post new comment