“The barrier to hiring more people is finding them.” Employment at the smallest U.S. businesses stalled in 2019
The number of people working at small companies essentially didn’t budge last year, even as larger businesses continued to expand their payrolls for a record 10th straight year.
Head count at businesses with fewer than 20 employees was essentially unchanged in 2019, according to an analysis of ADP payroll data by Moody’s Analytics. Companies with 500 or more employees, by contrast, increased their workforces by 2.3%. January showed the same patterns, according to data released Wednesday.
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