Join our Waitlist for Expert Advice!

Small Businesses Fuel Private Sector Hiring in July The private sector added 200,000 jobs in July, with small businesses once again accounting for the lion's share of employment, according to the ADP National Employment Report.

By Ray Hennessey Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

The private sector added 200,000 jobs in July, with small businesses once again accounting for the lion's share of employment, according to the ADP National Employment Report.

Small businesses, which ADP defines as those with on to 49 workers, added 82,000, or 41 percent of all the new payrolls. Of those, the smallest -- ones with fewer than 20 employees -- added the most, with 51,000.

Businesses with 50 to 499 workers added 60,000 jobs. Large businesses, with 500 more more employees, added the remaining 57,000. Most were large organizations, with more than 1,000 employees, which accounted for 50,000 of the new positions, according to ADP.

Small businesses have traditionally been the driving force in job creation, as the economy has slowly added more positions following the financial crisis and resulting recession. In the latest report, it appeared the all sectors -- except for manufacturing -- saw job gains, with the service sector continuing to account for much of the job growth.

The 200,000 jobs added were above the 180,000 predicted by economists. It was also above the 190,000 added in June.

Ray Hennessey

Former Editorial Director at Entrepreneur Media

Ray Hennessey is the former editorial director of Entrepreneur.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

A Billionaire Founder Admits He Had 'Horrible Habits' — Then He Started a Morning Routine That 'Transformed' His Life

Kind Snacks founder Daniel Lubetzky used to go to sleep at 2 a.m. and skip his morning workout.

Starting a Business

I Quit My Corporate Job to Start a Business. Here's How I Went From Having $35,000 Credit Card Debt to Making $4 Million.

Courtney Allen, founder and CEO of presentation design agency 16x9, "recklessly" left corporate life behind in 2015 to pursue entrepreneurship.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

You Have One Month Left to Buy a House, According to Barbara Corcoran. Here's Why.

"If you are planning on waiting a year and seeing where interest rates go, you are out of your mind," Corcoran said.

Business News

Google's CEO Says AI Is Now Responsible for 25% of 'All New Code' Created at the Company

Google CEO Sundar Pichai said engineers are moving faster because of AI.