Small businesses lead Nov. job losses
Digest more
The news is bleak.
The National Federation of Independent Business Research Center also surveys small businesses, and it also found a mixed bag. Service businesses, for example, have slowed down on hiring people, but construction can’t find enough people.
Small business employment growth ticked higher in November, according to the latest Paychex Small Business Employment Watch.
Job cuts so far this year are at their highest levels since 2020, new report says.
Hiring challenges persist despite 77% of small business owners telling Forbes Research in the spring that they planned to increase spending on talent.
Cut down on the busywork and make smarter hiring decisions by using an ATS to track every applicant in one place.