Tags: Small | Businesses | Jobs | NFIB

Small Businesses Cut Jobs in May, NFIB Reports

Wednesday, 05 June 2013 10:30 AM EDT

Small businesses cut back on staff slightly in May, the first decline in six months and a sign of weakness in the job market recovery.

The National Federation of Independent Business said on Wednesday employment shrank by 0.04 workers per firm last month.

It was the second report of the day to augur poorly for the government's national employment report due on Friday, which is expected to show a modest 170,000 jobs were created last month.

Earlier on Wednesday, payroll processing firm ADP said U.S. companies added 135,000 workers in May, well below the 165,000 forecast by analysts polled by Reuters.

© 2026 Thomson/Reuters. All rights reserved.


Headline
Small businesses cut back on staff slightly in May, the first decline in six months and a sign of weakness in the job market recovery.
Small,Businesses,Jobs,NFIB
101
2013-30-05
Wednesday, 05 June 2013 10:30 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved