In October, small- and mid-sized businesses actually shrank their headcounts, according to payroll processor ADP. That downsizing, said one business owner in Virginia, was due to the “devastating” tariffs.
ADP’s monthly report shows private firms added jobs in October, for the first time since July. Meanwhile, Indeed data shows job openings slumped at the end of October.
The looming spike in costs for those on Obamacare has gotten a lot of attention, but those who get health insurance through their employers are likely to see higher prices, too.