THE ADP JOBS NUMBER FORECAST IS INTERESTING...
WHILE THEY SHOW 200,000 JOBS CREATED...ALMOST NONE OF THESE JOBS ARE IN "LARGE BUSINESSES".... MOST ARE IN VERY "SMALL BUSINESSES"....
SO WHAT IS GOING ON...? SHOULDN'T LARGE BUSINESS BE LEADING THE WAY...?
AND SMALLER "SUPPORT SERVICES" BE FOLLOWING...?
PERHAPS THIS...
FIRST...MANY LONG TERM UNEMPLOYED FROM LARGE CORPORATIONS ARE STARTING THEIR OWN BUSINESSES IN A DESPERATE ATTEMPT TO GENERATE CASH...
THIS TYPE OF SUBSISTENCE "SMALL BUSINESS" FORMATION IS SEEN IN 3D WORLD ECONOMIES OFTEN IN THE FORM OF STREET VENDORS...OR CONTRACT DAY LABORERS...
ADDITIONALLY ...MANY WHO WERE LAID OFF IN LARGE ENTERPRISES...ARE NOW DESPERATE ENOUGH TO TAKE LOW WAGE LOW BENEFIT JOBS WITH SMALLER COMPANIES...
THESE WORKERS HAVE GIVE UP ON GETTING ANYTHING SIMILAR TO THE JOBS THEY LOST IN BIG CORPORATIONS...
SO SMALLER ENTERPRISES NOW HAVE A LARGE TALENT POOL TO PICK FROM... AS MORE PEOPLE LOSE THEIR UNEMPLOYMENT BENEFITS AND ARE DESPERATE FOR ANYTHING THEY CAN GET...
SO...THE "SURGE" IN SMALL BUSINESS HIRING...COULD BE A SIGN OF A WEAKENING ECONOMY...AND A LABOR FORCE THAT IS BECOMING INCREASINGLY DESPERATE...AS THE DEPRESSION DEEPENS.
