Mike (Mish) Shedlock | May 07, 2020 12:15AM ET
ADP reported a massive decline of over 20 million jobs. Let's investigate losses by the size of the firm.
Earlier today I commented ADP Reports 20 Million Jobs Lost: A Disaster Comparison Three Ways
This is a followup on losses and percentage losses by corporation size.
Nonfarm Private Payrolls March 2020
Nonfarm Private Payrolls April 2020
Change in Nonfarm Payrolls by Company Size
Synopsis
The largest firms were the best equipped to offer work at home.
Also, some large firms like Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN), Kroger (NYSE:KR), Safeway, and all the food stores were designated critical businesses and stayed open.
Number of Small Businesses
In 2018 the SBA reports there were 30.2 million small businesses with 58.9 million employees.
Millions of small businesses will go bankrupt over this.
Original Post
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.