Steep Job Loss in February in Small Firms

According to today's ADP Small Business Report, small businesses lost 262,000 jobs in February.

This marks the fourth consecutive month of decline in the small-size business sector.  February's number shows greater job losses than January demonstrating the recession's continued impact on small businesses.  Since small businesses are the backbone of the economy and our primary source of new jobs (80% of new jobs over the past 20 years), today's report gives an indication of the long road to recovery.