Small businesses lead Nov. job losses
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New ADP data revealed that businesses with 50 or fewer employees shed over 100,000 jobs, while larger firms gained employees.
Small business employment growth ticked higher in November, according to the latest Paychex Small Business Employment Watch.
The national Small Business Jobs Index for November was 99.38, up 0.11 percentage points from October and down slightly 0.53 percentage points from last November. National hourly earnings growth rose to 2.66% in November, remaining below three percent since August 2024 (16 months).
Small Businesses Continue to Show Moderate Job Growth in October Paychex Small Business Employment Watch also shows the immediate impact of recent hurricanes in Florida and North Carolina The Paychex Small Business Employment Watch reported a national index level of 100.06 for small business job growth in the month of October.
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4 your money | Small business woes
We have heard that small businesses are having a tougher time in today’s economy. David Nelson, CEO of NelsonCorp Wealth Management, shares employment data that confirms the chatter and he explains why small business is vital to the U.