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ADP Report: Small Business Adds 46K Jobs in November

December 24, 2018 / Michael Guta
SHARESHARESHARE

The ADP data for small business specifically looks at companies with 49 or fewer employees. With small businesses accounting for 58.9 million employees in the US, which is 47.5% of the country’s workforce, the ADP data plays an important role as an economic indicator.The 46,000 jobs added in November by the small business sector is much higher than the 29,000 which was reported in October.A closer look at the numbers reveals businesses with one to 19 employees generated 13,000 jobs, while those with 20 to 49 employees were responsible for the lion’s share of the jobs with 33,000.Overall the national employment number was down from October’s impressive 227,000 total to 179,000. For November, midsized companies delivered the highest number of employment with 119,000 jobs, while large companies were only able to manage 13,000 jobs.The job growth by midsize businesses was addressed by Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, who in the pres...