Especially since I posted here two months ago the "silver lining" news about small business still hiring in September, and then here last month about small business jobs dropping in October, seems like this was probably inevitable: the same source, ADP, reports small business jobs falling very hard in November.
I just got an email about it:
Today, the ADP Small Business Report found that small businesses lost 79,000 jobs in November, the largest decline in more than seven years.
And that's just small business, more interesting to me because I own a small business, and to the world at large because small business tends to be the best generator of jobs in the U.S. economy; or at least the most recession resistant.
And the larger numbers, including all businesses, are worse. Overall, the private sector dropped 250,000 jobs in November alone, according to the same report.
So much for silver linings.