The nation’s smallest businesses continue to outperform large companies in job creation, according to payroll company Automatic Data Processing Inc.
Businesses with fewer than 50 employees created half of all new jobs in April, while small businesses overall accounted for about 96.7 percent of new jobs last month, said ADP.
The figures reinforced the notion that small businesses are the country’s primary job creator. Of the 119,000 new jobs created in April, the smallest businesses created 58,000, according to the company’s data.
The Small Business Majority is using the latest employment numbers to pressure lawmakers to focus on policies conducive to small business job creation – access to credit being the major concern.
“Small businesses can and will put our economy back on track, but they can’t do it single-handedly,” said CEO John Arensmeyer. “Legislators must continue pursuing pragmatic economic policies that can ensure entrepreneurs have the tools they need to keep rebuilding the economy.”