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ADP Small Business Report: October 2013

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Small Businesses Created 37,000 Jobs in October, According to ADP National Employment Report.

Employment in nonfarm private small business payrolls rose 37,000 in October on a seasonally adjusted basis, accounting for 28% of employment gains across all payroll size groups. Within small businesses, 95% of the employment growth contribution was associated with companies having between 1-19 employees.

Highlights

Goods Producing Sector:

Small businesses (1-49 employees) +10,000
Very Small businesses (1-19 employees) +6,000
Other Small businesses (20-49 employees) +4,000

Services Providing Sector:

Small businesses (1-49 employees) +26,000
Very Small businesses (1-19 employees) +29,000
Other Small businesses (20-49 employees) -3,000

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  • 1. Small Business Report OCTOBER 2013 37,000 Small Business Employment in U.S. nonfarm private business from sector September to October. Change by Size Very Small 35,000 2,000 1-19 Employees Small 20-49 Employees Change by Sector Goods-producing Sector 10,000 last 6 months average last month 7,000 current month 10,000 5,000 Service-providing Sector 26,000 last 6 months average last month 55,000 63,000 current month 26,000 Current Employment vs. Prior Months last 6 months average current month 62,000 last 3 months average 37,000 current month 53,000 37,000 For more information, please visit the methodology section of the ADP National Employment Report® website at: Very Small businesses represent companies with 1-19 employees. Small businesses represent companies with 20-49 employees. http://ADPemploymentreport.com/methodology.aspx ADP, the ADP logo and the ADP Small Business Report are registered trademarks of ADP, Inc. Copyright © 2013 ADP, Inc.