Monday, October 23rd, 2017

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As Private Sector Sheds Jobs, Small Company Hiring Ticks Up

Small companies may be the best place to look for jobs.Young people looking for a leg up in the job hunt may want to search for opportunities at small companies.

Even as private-sector payrolls continue to shrink – according to payroll company ADP, private companies eliminated 39,000 jobs in September – small businesses are hiring, slowly but surely. Intuit, a developer of accounting and finance software, reports this week that small-business employment rose 0.14 percent last month.

That may not sound like much – but it's the equivalent of a 1.6 percent annual gain.

September's small-business jobs growth continued a trend, of sorts: Small firms' payrolls grew by 0.19 percent in August, an annualized growth pace of 2.4 percent.

Young people willing to relocate may want to look for job openings at small businesses in New York, Virginia and North Carolina. Firms in those states, Intuit vice president Cameron Schmidt said, had the largest increases in employment in September.

Still, Schmidt noted, small businesses across the nation are taking on new workers. There is "continued growth in small businesses employment overall," he said.

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