Private sector small business employment increased by 937,000 jobs from May to June according to the June ADP Small Business Report. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, free of charge.
For the month of June, job hiring was robust in the travel and hospitality industries, which took massive losses after the forced closures earlier this year shuttered bars, restaurants and the like. The sector added 961,000-the biggest gain in any industry.
“Small business hiring picked up in the month of June,” said Ahu Yildirmaz, vice president and co-head of
the ADP Research Institute. “As the economy slowly continues to recover, we are seeing a significant rebound in industries that once experienced the greatest job losses.”
The construction industry also added 394,000 and manufacturing rose by 88,000. The goods sector in total saw a net gain of 457,000 positions.
On the services side, which grew by 1.912 million, other big gainers were trade, transportation and utilities (288,000), education and health services (283,000), and the “other services” category (215,000). Professional and businesses services added 151,000 and financial activities, which includes Wall Street jobs, was up 65,000.
Small businesses added 937,000 to lead industries by size.