Indicating an improving job market scenario,the American companies saw the smallest decline in employment in two years with companies cutting an only estimated 22,000 jobs in January,a report says. As per business outsourcing solutions provider Automatic Data Processing's national employment report,non-farm private employment decreased 22,000 from last December to January on a seasonally adjusted basis. "January employment decline was the smallest since employment began falling in February 2008. Growth of overall private employment is on the verge of turning positive," macroeconomic advisers,its chairman Joel Prakken said. The Automatic Data Processing's private employment among small businesses decreased by 12,000 in January. "Employment among small-size businesses,defined as those with fewer than 50 workers,declined 12,000 in January. This decline was the smallest since July of 2008. Small business employment in the service-providing sector increased by 16,000,the second consecutive monthly increase," Prakken added. Moreover,large businesses with payrolls more than 499 employees slashed 19,000 jobs,while medium businesses added 9,000 employees.
