Layoffs Surge Among Small Employers

Posted by: Nick Leiber on March 4, 2009

Back in December, we published a special report detailing how employers with limited resources could take advantage of layoffs to find experienced talent. In our overview story, we cited an ADP National Employment report that showed small businesses had dropped 79,000 jobs in November. It was the second consecutive month of job losses for small businesses, in six years. But at the time, it appeared as if small businesses, which the report defines as those with 49 employees or less, were faring better than their larger counterparts.

Today’s ADP report shows that’s no longer the case: small businesses lost 262,000 jobs in February, marking the fourth consecutive month of decline. (Some 175,000 losses were reported in January.)

Reader Comments

john E

March 4, 2009 9:49 PM

I'm retired. I have a degree, and need a job. The employment office tells me I'm "highly qualified. There is nothing between Salem and Portland, Oregon. The Willamette Valley from one end to the other is filled with thirty, forty, and fifty year olds, highly qualified, who are also looking. These are bad times and getting worse.

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What's it like to run your own company today? Entrepreneurs face multiple hurdles new and old, from raising capital and managing employees to keeping up with technology and competing in a global marketplace. In this blog, the Small Business channel's John Tozzi and Nick Leiber discuss the news, trends, and ideas that matter to small business owners. Follow them on Twitter @newentrepreneur.

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