NEW YORK (AP) — Small businesses kept to their slow pace of hiring during October, according to two reports Thursday.
Payroll service ADP said small businesses added 50,000 workers last month, and medium-sized businesses added 27,000. And the National Federation of Independent Business said a survey of its members showed that employment at small companies crept up an average 0.02 workers during the month.
Both reports are signs that owners are still cautious while they wait to see what happens to their companies' revenue, the economy and next week's election. Recent surveys have shown that owners are unwilling to take on new employees or expand their companies because there is so much uncertainty about what business will be like in the months ahead.
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