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Gauging Small Business Hiring: Slight Slowdown in July

Gauging Small Business Hiring: Slight Slowdown in July
Photograph by Jae C. Hong/AP Photo

The U.S economy added 162,000 jobs last month, according to data released Friday by the Bureau of Labor Statistics, after adding 176,000 jobs in June. How did Main Street contribute to national hiring trends? As always, it depends how you define “small” and whose numbers you trust, but according to multiple surveys, small business hiring declined slightly in July. Here’s the New Entrepreneur’s monthly rundown of small business hiring reports:

According to the ADP National Employment report, companies with fewer than 50 employees added 82,000 jobs in July, after adding 84,000 jobs in June. Businesses with fewer than 20 employees drove last month’s gains, with those companies adding 51,000 workers.