Small Businesses Created Almost Half of the New Jobs in September

From Fox Business:

Small business hiring picked up slightly in September, according to private payroll processor ADP.

Businesses with fewer than 50 employees added 88,000 jobs last month, up from 82,000 in August. Small businesses created 41% of all new jobs in the private sector in September, with 213,000 total jobs added.

“September’s jobs added number marks the sixth straight month of employment gains above 200,000,” said Carlos Rodriguez, president and chief executive officer of ADP. “It’s a positive sign for the economy to see the 200,000-plus trend continue.” …

According to the ADP report, the small business growth was led by businesses with fewer than 20 employees. These micro businesses added a total of 48,000 new employees in September, compared to 39,000 for businesses with between 20 and 49 employees.

Read more at Fox Business.