Small Business is Bucking Employment Trends

According to U.S. News & World Report, the National Employment Report, issued yesterday (June 4) shows that employment among small businesses (less than 50 employees) grew during May.  In fact, while total employment grew by 40,000, small business employment grew by 61,000.  Here are the details of the report:

 

Total employment +40,000
Small businesses +61,000
Medium businesses -3,000
Large businesses -18,000
Goods producing sector -37,000
Service providing sector +77,000

 

The Labor Department will release its May unemployment figures tomorrow (Friday, June 6).

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