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Real-Time Economic Data

Gusto Small Business Jobs Number

Net hiring at small businesses — hires minus terminations — from a stratified random sample of US businesses with 1–49 employees.

Sep 2026
+27,878
+9,421 vs. prior month
Adjustment

Net hiring at small businesses

Seasonally adjusted
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Jan 2019 – Sep 2026
Net hires = hires minus terminations. Seasonally adjusted with the U.S. Census Bureau’s X-13ARIMA-SEATS methodology.

Breakdown

Sector · Sep 2026 · net hires in the month
Break down by
Sector breakdown for net hiring at small businesses, Sep 2026.
SectorNet hires in the month
Health Care+13,069
Other Services+3,431
Construction+2,596
Wholesale+2,538
Prof. & Technical+2,398
Arts & Rec.+1,488
Education+1,366
Transport & Whse+1,152
Finance & Ins.+693
Utilities+554
Information+532
Admin & Support+504
Manufacturing+312
Mgmt of Cos.+13
Mining & Oil−5
Real Estate−82
Retail−241
Agriculture−519
Accom. & Food−1,921

By region

US Census regions · Sep 2026 · seasonally adjusted
  • South+12,927
  • West+7,555
  • Midwest+4,385
  • Northeast+3,012

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Reference

Methodology

How the Gusto Small Business Jobs Number is measured.

The Gusto Small Business Jobs Report tracks anonymized payroll data from a stratified random sample of small businesses across the United States with 1–49 employees, based on the 500,000+ companies on Gusto. All figures in this report are seasonally adjusted unless otherwise noted.

Key metrics

HiresNew employees starting work.
TerminationsEmployees leaving for any reason.
Net hiresThe difference between hires and terminations, showing whether small businesses are creating or losing jobs overall.

Seasonal adjustment

All data are seasonally adjusted using the U.S. Census Bureau’s X-13ARIMA-SEATS methodology to account for predictable fluctuations throughout the year, making it easier to identify meaningful trends in small business employment.

Sample selection and weighting

To ensure the findings represent small businesses across the United States, Gusto uses a two-stage weighting process.

First, we randomly select a representative sample of companies that match the national distribution of small businesses by industry, company size, and geographic region, using U.S. Bureau of Labor Statistics “Quarterly Census of Employment and Wages” data as a benchmark. Each January, we choose a random sample of companies to include for the year:

Annual sample sizes, 2019–2025
YearCompanies
201925,000
202025,000
202150,000
202250,000
2023100,000
2024100,000
2025100,000

Second, we adjust the sample to reflect the national distribution of company ages based on data from the Census Bureau’s “Business Dynamics Statistics.”