The bMighty ANTenna
News From Around The Web

Small Business Sole Bright Spot for July Job Growth: Report

Thursday, July 31, 2008
By bMighty.com Staff

Small business continued to outperform its bigger brothers for the month of July, according to the ADP National Employment Report.
June's 7,000 increase, said payroll processor Automatic Data Processing (ADP), whose monthly report is based on 399,000 businesses with about 24 million workers on payrolls. Midsize businesses (50 to 499 workers), however, saw 9,000 jobs disappear, while large businesses (500-plus workers) saw a decline of 32,000 jobs. All told, the weakened economic climate continues, ADP said.

"These figures continue to offer evidence of the resiliency small-size businesses have demonstrated over the past several years when compared to the job losses experienced at larger firms," added ADP partner Macroeconomic Advisers.

ADP's report can be downloaded here.

Small businesses (fewer than 50 employees) added 50,000 jobs last month, a big jump from June's 7,000 increase, said payroll processor Automatic Data Processing (ADP), whose monthly report is based on 399,000 businesses with about 24 million workers on payrolls. Midsize businesses (50 to 499 workers), however, saw 9,000 jobs disappear, while large businesses (500-plus workers) saw a decline of 32,000 jobs. All told, the weakened economic climate continues, ADP said.

ADP's report can be downloaded here.

Source(s): NJBiz

This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.

Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.

Important Note: This comment area is NOT intended for commercial messages or solicitations of business.

Browse by Category

Imaging How-To Center

Document imaging basics, plus how to select a solution

FREE Technology Services Locator!

Search our database of 200,000 solution- provider locations by business activity, technology, vertical market, and customer size. Find a technology partner NOW.