Small businesses hold on to hiring momentum

MIXED SIGNALS: Small businesses added 82,000 jobs in July, just about keeping pace with the 84,000 created in June, according to a survey by payroll provider ADP. In May, 58,000 were added. A separate survey by the National Federation of Independent Business found that its members cut jobs in July, losing an average 0.11 workers per firm. That was the third straight monthly decline.

WHY THE DIFFERENCE: ADP and the NFIB survey different groups. ADP's report is based on data supplied by its small business customers, while the NFIB surveyed more than 1,600 of its members. Many

MORE DATA TO COME: Two more reports this week will help give a more complete picture of small business employment during July. The Labor Department releases its report on Friday, along with software maker Intuit, which has a survey of its small business customers.

Loading...
See all articles from Associated Press

Friend's Activity