"Small firms are the leading indicator what's going on nationally and right now they're signaling weakness,"
"It's evident that medium and large firms are better positioned to weather what's going on,"
"They can set prices, they can change suppliers,"
"They can hire contractors instead of permanent employees in a more sophisticated way. They can hire globally, not just in their local region. They have more tools in the toolbox,"
Private-sector payrolls fell by 32,000 in November, with firms employing fewer than 50 people accounting for the entire decline. Small businesses reported a net loss of 120,000 jobs, the largest small-business cut since the pandemic began. Larger firms added jobs but not enough to offset small-firm losses, widening the hiring gap. Subchapter V bankruptcy filings rose 8% year-over-year to a six-year high, while Chapter 11 filings increased roughly 1%. Larger companies possess greater flexibility—pricing power, supplier options, access to contractors and global hiring—that helps them better absorb current economic headwinds.
Read at Axios
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