ADP Jobs Report Highlights:
The U.S. economy added 135,000 jobs from August to September according to the ADP National Employment Report. According to the report, the small business sector lost roughly 7,000 jobs with smaller firms with 1-19 employees losing 11,000 and companies with 20-49 employees gaining roughly 4,000. "In September, small businesses experienced a dip in hiring" said Ahu Yildirmaz of ADP. "This is part due to Hurricane's Harvey and Irma, which significantly impacted smaller retailers."
Professional services, construction and education posted solid job gains in September while Trade/Transportation/Utilities saw a loss of roughly 18,000 jobs.Mark Zandi, chief economist of Moody's Analytics, said, "Hurricanes Harvey and Irma hurt the job market in September. Looking through the storms, the job market remains sturdy and strong."
Small businesses experienced a net loss of 7,000 jobs with companies with less than 20 employees losing 11,000 and companies with 20-49 employees gaining 4,000.
Large businesses with 500 or more employees added the most in terms of total new jobs with a net gain of approximately 79,000 and mid-sized firms, companies with 50 - 499 employees adding 63,000 jobs.
You can learn more about the ADP National Employment Report here. For insights on the health of small business you can also view the Experian Business Information Map. The map provides a quarterly and annual view by State and Metro of business credit risk scores, delinquency rates in addition to industry-specific data on small business.