SAN FRANCISCO, CA – MAY 30: A job seeker holds a pamphlet during a job and career fair at City College of San Francisco southeast campus on May 30, 2013 in San Francisco, California. Hundreds of job seekers attended a career fair hosted by the San Francisco Southeast Community Facility Commission. (Photo by Justin Sullivan/Getty Images)
The U.S. private sector job creation stood at 201,000 jobs in May, which is 1,000 jobs more than the 200,000 jobs Wall Street expected. The ADP National Employment Report was welcome news during an otherwise abysmal economic month on Wall Street, which saw equities jump on the data.
Perhaps the most optimistic piece of data in the report was the 122,000 jobs that came from small business companies with 49 or fewer employees. Under much of the Obama administration tenure, and for the first time in U.S. history, small business creation lagged behind small business failure.
May 2015 Small Business Report Highlights*
Total Small Business Employment: 122,000
By size:
- 1-19 employees 75,000
- 20-49 employees 47,000
By sector for 1-49 employees:
- Goods producing 12,000
- Service providing 110,000
By sector for 1-19 employees:
- Goods producing 7,000
- Service providing 67,000
By sector for 20-49 employees:
- Goods producing 5,000
- Service providing 42,000
* Sum of components may not equal total, due to rounding.
