ADP announced that the U.S. Private Sector added 130,000 jobs in October.
Ugh!
To add insult to injury, the September data was revised downwards from 166,000 to 145,000.
Ugh! At least the number is positive.
The ADP data reports that since the official end of the Great Recession the Private Sector has added 6,367,080 jobs. The number of jobs added by company size category follows.
1 to 19 employees
- 1,251,500 jobs added
- 19.7% of total jobs added
- 4.4% growth since the end of the recession.
(See chart below for jobs added since recession).
20 to 49 employees
- 972,200 jobs added
- 15.3% of total jobs added
- 5.7% growth since the end of the recession.
50 to 499 employees
- 2,328,900 jobs added
- 36.6% of total jobs added
- 6.1% growth since the end of the recession.
500 to 999 employees
- 446,900 jobs added
- 7.0% of total jobs added
- 6.0% growth since the end of the recession.
1,000+ employees
- 1,357,600 jobs added
- 21.5% of total jobs added
- 8.2% growth since the end of the recession.
Jobs have been added across all size categories; however, the data suggests it is the well-established companies that have led the recovery from the Great Recession, not the small businesses or entrepreneurs.
©Copyright 2011 by CBER.