With slow sales and tight credit, many small businesses are caught in a death spiral that contributes to the hemorrhaging job market.
Employment at small businesses with 500 or fewer employees decreased
by 614,000 positions in March, marking one of the sharpest drops yet in
14 consecutive months of declines, according to an employment report
released Wednesday by payroll processor ADP.The
magnitude of the losses indicates that the recession is ravaging the
small companies that employ an estimated half of America's workers. Read the full article at http://money.cnn.com/2009/04/01/smallbusiness/small_business_job_losses.smb/index.htm?postversion=2009040112
|
