Tuesday, April 19, 2011

Employment Increases for Smaller Companies

The ADP payroll report which covers non-government and non-farming hiring is one of the resources I look at on a monthly basis. I thought sharing last months report/activities would be good for job seekers and employers to see. Use this link to view the report:

http://www.adpemploymentreport.com/pdf/FINAL_Report_March_11.pdf

What may help job seekers is to focus on smaller business's who are creating more than half of the new jobs.

"Employment among large businesses, defined as those with 500 or more workers, increased by 17,000 while employment among medium-size businesses, defined as those with between 50 and 499 workers, increased by 82,000. Employment for small businesses, defined as those with fewer than 50 workers, rose 102,000 in March.
In March, construction employment dropped 5,000. The total decline in construction employment since its peak in January 2007 is 2,126,000. Employment in the financial services sector increased 4,000 in March. "

The report also stated the largest increase in new hires for the year (could be longer).

This could be a good sign that the slow recovery maybe picking up a little momentum.

Happy Hunting!

Bryon McDougall
bryon@alchemysearch.com