Small-business job growth is decelerating, but at a slower rate than at larger companies, ADP reported last week.
While the U.S. private sector overall gained just 38,000 jobs in August, making it the worst month since June 2003, small businesses added 44,000 new jobs largely on the strength of the service sector.
Small businesses in the service sector added 52,000 jobs, while the goods-producing sector lost 8,000. The total of 44,000 jobs added matched the number from July, but fell well short of the 91,000 added in June.
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