Small Businesses Added 61,000 Jobs in July, According to ADP

Pete Jansons

Circling a career opportunity that wants motivated individuals. Shot with very narrow DOF.

The ADP released its July 2016 Small Business Employment Report today, which shows that small businesses added 61,000 jobs in the month of June. While these are modest gains, and significantly lower than the 95,000 jobs added in June and 76,000 jobs added in May, it is not unusual for businesses to go through a bit of a “summer slump” when it comes to hiring.

Looking at company size, very small businesses (those with 1-19 employees) added 22,000 jobs, and other small businesses (those with 20-49 employees) added 39,000 jobs.

Some sectors fared better than others last month. Small businesses in the goods-producing sector actually lost jobs – 3,000, to be exact (2,000 among very small businesses, and 1,000 a month other small businesses). Meanwhile, those in the service service-providing sector added 64,000 jobs (24,000 in very small businesses and 40,000 in other small businesses).

The report is brighter for overall job growth, however. While small businesses added fewer jobs, overall (nonfarm) job growth exceeded last month’s numbers. The U.S. added 179,000 jobs in July – 7,000 more jobs than in June. These numbers reflect continued, healthy growth.

And according to CareerBuilder’s Small Business Midyear forecast, employers will continue to fill jobs if at a more modest pace than last year. Whether you are actively hiring or maintaining staff size for the moment, it’s important to keep collecting resumes and keeping track of interested candidates. Why? Consider these four big benefits to building your talent pipeline.

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Small Businesses Added 61,000 Jobs in July, According to ADP

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