Small Business Employment Tumbles in December

According to today’s ADP Small Business Report small-size businesses lost 281,000 jobs in December, the largest decline in small-size business employment recorded by the ADP Small Business Report since the beginning of the ADP National Employment Report dataset in December 2000.

 

The ADP Small Business Report is a subset of the ADP National Employment Report:

 

  • Total small business employment: -281,000
  • Goods-producing sector: -80,000 small business jobs
  • Service-providing sector: -201,000 small business jobs