America’s smallest businesses shed another 12,000 workers last month, extending a two-year streak in which job losses have mounted every month, according to a report released Wednesday by payroll processor ADP.
But the tide could be turning: The pace of losses has slowed, and one segment of the market–companies with 50 to 499 workers–added a net 9,000 positions in January.
And some business owners say President Obama’s recent proposal for a $5,000 per-worker tax credit for new hires this year could help goose the recovery.
