(Bloomberg) -- Hiring at the smallest U.S. businesses is moderating, a sign of sluggishness in the economy.
Growth has slowed in some indexes measuring employment at companies with fewer than 20 workers. This deceleration indicates a disconnect in the labor market; payrolls for all nonfarm employers rose at the fastest pace since 2001 in the 12 months through February, based on Labor Department data.
Monitoring the smallest companies is important because they accounted for about 23 percent of all nonfarm private jobs created last year, said Ahu Yildirmaz, head of the ADP Research Institute in Roseland, New Jersey.
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