Looking for a job? It may pay to look small
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- September
- 9
Last week’s federal unemployment report noted that the nation’s unemployment rate rose to 6.1 percent largely due to huge jobs cuts at the nation’s larger employers.
The economy lost 84,000 jobs last month, the U.S. Department of Labor reported Thursday.
A new report, however, notes that small employers, those with fewer than 50 employees, added 20,000 jobs last month, according to the ADP National Employment Report and ADP Small Business Report.
ADP is Auto Data Processing Inc., the New Jersey-based provider of payroll and other computerized-transaction services.
Last month’s 20,000-job increase isn’t nearly enough to offset the job cuts at large employers, those with more than 500 employees, which chopped 28,000 positions, or medium-sized employers, those who employ 50 to 499 workers, which cut 25,000 jobs.
The ADP report noted, however, that August’s increase in small-employer jobs followed a 46,000 jump in July.
On the down side, the report said, two sectors of the economy most strongly affected by the sub-prime mortgage meltdown — residential construction, and home sales and mortgage lending — “showed little lessening of the recent strain on employment in these industries.”
This entry was posted
on Tuesday, September 9th, 2008 at 11:15 am by David Schepp.
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