According to the SBA, small businesses have created about 78% of all new jobs in the US over the past twenty years.
For the first time, October's ADP Small Business Report reports a net loss of jobs in the small business sector of our economy:
- Total small business employment: -25,000
- Goods-producing sector: -36,000 small business jobs
- Service-providing sector: +11,000 small business jobs
This is not good. All eyes are turning to the government for action that fixed the economy - yet that best thing we can hope for is that they don't make it worse.