The ADP Small Business Report released today shows that 284,000 small business jobs were lost in March. Declines in March and previous months indicate that the resiliency displayed by small businesses earlier in the recession is no longer apparent compared to medium- and large-sized enterprises.
The ADP Small Business Report is a subset of the ADP National Employment Report:
- Total small business employment: – 284,000
- Goods-producing sector: – 111,000 small business jobs
- Service-providing sector: – 173,000 small business jobs
That’s too bad. I don’t like seeing small business lose employees. They are very hard to replace.