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Wednesday, November 23, 2016

Job Creation So Far This Year

For John, BLUFThe Regulation State is hurting us.  Nothing to see here; just move along.

From the Bureau of Labor Statistics (BLS):

78 percent of 1st quarter 2016 employment increase occurred at firms with fewer than 50 employees

During the first three months of 2016, firms in the private sector with fewer than 50 employees had a net employment gain of 175,000. This increase represented 78 percent of the total net employment increase of 224,000 jobs over the quarter.

Note that in the chart below we have job losses in Red and job gains in Blue and the Green dot shows how much job creation was compared to job loss.

The Green dots favors the smaller firms.

Larger firms tended to be net losers of jobs.  That is not a good trend.

Looking at the success of small firms, we can extrapolate into the next Administration that if Federal Regulations and Rules are reduced it might result in even more job creation.  While larger firms can afford the lawyers and accountants to deal with vast numbers of regulations, the small business owner can not.  A reduction in regulations will h3elp the small business owner on a comparative basis.

Hat tip to the InstaPundit.

Regards  —  Cliff

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