Small Businesses Add 114,000 Jobs to Economy

Small businesses added 114,000 new jobs in October according to ADP’s National Employment Report. Small businesses contributed to almost a third (31.23) of the 365,000 new hires during the past month.  

The October figure remains well below June’s record 937,000 new job hires by small businesses and 78,000 less from September’s figures. Though far better than April’s gloomy figures of over 20 million job losses with 6 million being lost by small businesses. 

October 2020 ADP Small Business Report

Businesses employing less than 20 employees hired some 63,000 new employees while those employing 20 to 49 employees hired 51,000 new

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