The addition of 32,000 jobs by small businesses in the month of February is good news considering the current state of the pandemic. However, consider the overall state of the labor market, things are not looking good.
Overall there was a total of 117,000 jobs for the month, compared to 183,000 for February 2020. And just as last year most of the contribution from small businesses came through the service-producing sector. This also explains the great numbers from franchises. According to ADP, franchises managed to deliver 35,500 new jobs this month, with 30,000 of them coming from restaurants.
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By: contactedorgTitle: In the News: February Delivers 32,000 Jobs From Small Businesses
Sourced From: contacted.org/in-the-news-february-delivers-32000-jobs-from-small-businesses/
Published Date: Fri, 05 Mar 2021 18:00:22 +0000
source https://contacted.org/in-the-news-february-delivers-32000-jobs-from-small-businesses/
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