Small Business is the Nation's Job Creation Engine -- But You Knew That

Around here, we remind people all the time that "Small Business is the nation's job-creation engine." Today, there's a great example of what we mean. According to a study released today by the payroll management firm, ADP, the private sector added a net 9,000 jobs in July.

While that growth in job surprised most experts, one thing didn't surprise us: Where all those net new jobs are coming from. Here's the key quote from the report:

"Growth was also helped by 50,000 jobs added by small businesses. By contrast, large businesses shed 32,000 positions."

Does this surprise you? Not if you run a small business.