2019 and January 2020 is the first time in a decade small companies have not added to their payrolls. (Oh-no the vast majority of CRE companies are 20 employees or less.) In contrast the Wall Street Journal reports Moody’s analysis of ADP payroll data finds, “larger businesses continued to expand their payrolls for a record 10th straight year. Small companies not only lack time to hire fast enough in this tight job market, they often cannot...
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