According to the ADP’s latest Small Business Employment Report, released today, small businesses added 95,000 jobs in June, up from the 76,000 jobs created in May and 93,000 created in April.
Broken down by company size, businesses with 1-19 employees added 50,000 jobs, and businesses with 20-49 employees added 43,000 jobs.
Looking at individual sectors, small businesses in the goods-producing sector produced 8,000 jobs, those in the service-providing sector added 91,000 jobs.
While overall (nonfarm) job growth was a modest 172,000, economists believe this rate is “more than enough” to sustain the low employment rate (which currently stands at 4.7 percent). Indeed, the low unemployment rate may have to do with the slower pace we’ve been seeing. With fewer workers looking for jobs, employers are struggling to find talent to meet their demands.
If you’re struggling to meet growing talent demands on your team, check out these six ways to reach hard-to-find candidates for your small business.
