Wed, 06 January 2021 | employment small business
Private sector employment decreased by 123,000 jobs from November to December according to the December ADP National Employment Report®. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
Job losses were concentrated in large businesses with 1,000+ employees which lost an estimated 169,000 employees. Businesses with fewer than 1,000 employees generally reported positiive gains in employment, with gains of 22,000 in businesses with 500-999 employees, and gains of 37,000 jobs in medium sized businesses of 50-499 employees. Small businesses continued to suffer job losses, with a loss of 16,000 employess in business with 1-19 employees. Slightly larger businesses with 20-49 employees recorded a small gain of 3,000 employees in December.
Source: ADP
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